Most traders lose most of their capital attempting to time the exact bottoms and tops of what has ultimately shifted into a bull market.
Rather than attempting to predict what the top of a price movement is, why not simplify the process?
No-one wins attempting to time the market. A trader may get lucky once or twice, but, aside from the occasional overleveraged trader that strikes gold or the run-of-the-mill hindsight 20/20 influencer, the market will always win.
React, don’t predict.
The Trading Algorithm from @cryptostanleytrading has been long since February 9th at about $3500 per share of BTC.
Running a Trailing Stop Loss per the @cryptostanleytrading ATR Exit Indicator, and building a long based upon said ATR, would've allowed you to remain in the trade whilst retaining a low entry - allowing for greater amount of leverage with the same amount of initial risk exposure.
Predicting would’ve easily ruffled the typical trader out attempting to secure profits at various TP levels.
Stop prematurely entering or exiting trades. Capturing 80% of a trending movement is ALL you need.
Rather than attempting to predict what the top of a price movement is, why not simplify the process?
No-one wins attempting to time the market. A trader may get lucky once or twice, but, aside from the occasional overleveraged trader that strikes gold or the run-of-the-mill hindsight 20/20 influencer, the market will always win.
React, don’t predict.
The Trading Algorithm from @cryptostanleytrading has been long since February 9th at about $3500 per share of BTC.
Running a Trailing Stop Loss per the @cryptostanleytrading ATR Exit Indicator, and building a long based upon said ATR, would've allowed you to remain in the trade whilst retaining a low entry - allowing for greater amount of leverage with the same amount of initial risk exposure.
Predicting would’ve easily ruffled the typical trader out attempting to secure profits at various TP levels.
Stop prematurely entering or exiting trades. Capturing 80% of a trending movement is ALL you need.