Post
Topic
Board Trading Discussion
Re: Don't trade because you have funds, trade when you have opportunity
by
Dr.Bitcoin_Strange
on 22/12/2024, 11:58:59 UTC
This is my personal experience guys actually what I have done is I have deposited money in sites and started trading without emotional control just taking a trade without understanding direction. Most of the times markets are in consolidated state. In such phrase absolutely we end with losses. My suggestion is wait for a clear direction then only take trade it may take few days but gives good returns

@OP, in my trading journey, someone one said to me that I should learn one or two strategies very well and master them and once I have done that, I should only wait  until my confirmations a accurate before taking a trade, that I should learn to execute my trades like a robot without emotions. The reason he said that is that, if I wait for my right set up, I will only take trade and set a stop lose which I would not feel emotional after losing, perhaps even with the right set up, is not all trades that must be successful.

So, in the aspect of being emotional, learn how to deal with your psychology because that how you can become a successful trade. Also learn about risk management and also make sure to always identify the market direction before you take a trade. Market usually have three movement patterns which are ranging market, uptrend and downtrend market.