The green shouldn’t always be the reason to enter the market
The green shouldn’t always be the reason to enter the market
What stopped you when the price was low? don’t let the sudden increase make you rush into the market- learn to control your emotions.
One of the challenges of some traders is that they don’t know when is the right time to enter the market. Some traders feels when the market is red it is always a wrong time to get into the market to trade. If the green should only be considered as the best time to enter the market, I think it won’t always be a right decision. Going into the market when it is green is just greedy sentiment for trading.
Sometimes when the market is red it can also be a good time to enter the market if carefully watched. Not all green ends up with profit and not all red ends with loss too.
Traders needs to learn when is the right time to enter the market and not to judge when to enter with a particular signal. Signals are unprecedented and may change faster than it’s expected.
When is correlated with your position, Buy or Sell, Long or Short. The market operates 24/7 and there are buyers and sellers who interact with each other through exchanges. A wrong position of trader A can give a good chance to earn profit to Trader B. If buyers are wrong, sellers are right and vice versa.
Not always. Green is the best time but if you can identify the end of red to the beginning of green then you are good to go. The indicator that can determine this I think it is RSI because with RSI you can determine overbought or oversold thereby making your decision. Also you can use MA to support RSI on that.