Should trades be closed off only when the market is bullish

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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?

Kevin Sung Answered question September 10, 2024
0

An increase on the price is often accompanied by more volume and volatility, and this often means more opportunities to make money for traders and speculators, in light of this I do not see anything wrong with traders becoming more active at the time.

But could this increase on the activity of a trader bring more losses if they are not careful? Yes, but that is what trading is about, and anyone that is not willing to take this risk should give up being a trader and become an investor instead.

Kevin Sung Answered question September 10, 2024
0
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