Should trades be closed off only when the market is bullish
Should trades be closed off only when the market is bullish
When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
What is your experience?
It’s easier to get green lights showing up all over the place, sure, but trading when rallying is a no-brainer, the problem is, if this is how you trade, then you’ll always going to get caught when the rally drops.
And you know what the result is? You are posting 50 +1% wins in the rally, and then losing 5 -20% when you get caught out.
So you’re right, but you’re also explaining why ‘better chances’ doesn’t equate to ‘making profit at the end’.
People make the same mistake gambling, like even myself. People think they should be betting on 1.01x because it’s easier to make money. Then they win 1.01x 50 times, and lose 1 time and go bust.