Twetch ·
I will try to be better at taking temporarily profits in FIAT, but not being a trader who does not really care for reading TA's, it is hard to actually execute without ending up with less Bitcoin.
The end goal is more saved Bitcoin, not more saved FIAT.
Replies
Twetch ·
don' try. TA works if you are a machine, 100% ready to trade all the time. Other than that everyone else ends up lower. Not to mentioned lost time and energy.
Twetch ·
Being a trader has little to do with TA tbh. and there are many methods of both. I always focus on larger patterns and bigger picture, or, let a stop take me out in profit at a break point. And, It is harder to do sometimes.
Twetch ·
Better just keep buying a little bit at a time for the entire year.
Twetch ·
I focus on a very few stocks. indices, metals or BSV :) and learn them very well. If they go bad I immediately get out. I only take tiny loses "Trading" imo is not so much about how much you make. It is how well you limit loses.
Twetch ·
Yes this is the main factor that many fail to understand.
RM is the most important thing. I come across many new traders who chose to focus on profits, it never ends well.
Sometimes people can get lucky. But Risk is the most important consideration.
Twetch ·
Some good advices @910, I have no idea what I am talking about according to TA's. I will consider the limit losses suggestion, not that I am underwater (not by far), just want to be a little more prepared & reap some rewards if possible with lower risk.
Twetch ·
Many TA systems would pretty much work if we could manage our emotions