Trading and it uncertainties
Trading and it uncertainties
This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.
Just don’t trade when you’re emotional at that moment.
Because when you trade and you’re emotional, the hit of uncertainty will be much effective. That’s why do not be too emotional when you trade and have a plan to follow.
If the market is too volatile, then you are anticipating some unexpected things to happen with your trades.
The uncertainty and price change are the same thing and every good trader bears that to mind. It is just like you climbing to a mountain if you loose your grip you see yourself on the foot of the mountain. This is the reason that stoploss is important to trade with. So one important way to escape the uncertainty effect on the account is to trade with stoploss.