Bitcoin CashLong
Don't give up if you are in the buy queue, your turn is coming
Updated
Ever waited in a long queue to buy something ? You waited and waited, somehow the time passes so slow......like a snail moving..........
You start to fidget and ask yourself ; "Is this worth it?" In short, you are questioning yourself, if you have better things to do (I am sure you have if you think hard enough). Then, out of frustration, you moved away from the queue to run some other errands. An hour or so later, you come back , the guy in front of you is hardly moving.
You laughed secretly, What a fool he is..............
But what if an hour later, not only does the guy in front of you went into the store, he came out with a bonus prize - what would you say to yourself ? Damn, I should have stay put.
Trading is the same in life. We are constantly faced to make a decision and we don't know for sure if the outcome would turn out the way we want. So how?
We minimise our risk. We ask ourself questions like "Can I afford not to queue?" and What are my options?
So you may want to queue for another 20 minutes and if the snail pace queue aint moving the way you want it, you get out. Option 2 : Is this thing you queuing for really what you want? Does it generate more benefits than the risk involved? Time, money, opportunity costs all weigh in.....
Don't let the long queue stress you out and if it turns out to be something you do not want, so be it. In life, there are mistakes and potholes we made though we can't see clearly there is one in front of us. Attempting to tread too carefully, cautious of every move and always on the defence might blind one to seeing what's in front of him a hundred metres and not knowing a train is coming a kilometres towards him.....
Trade safely, have fun, take it NOT too seriously.
You start to fidget and ask yourself ; "Is this worth it?" In short, you are questioning yourself, if you have better things to do (I am sure you have if you think hard enough). Then, out of frustration, you moved away from the queue to run some other errands. An hour or so later, you come back , the guy in front of you is hardly moving.
You laughed secretly, What a fool he is..............
But what if an hour later, not only does the guy in front of you went into the store, he came out with a bonus prize - what would you say to yourself ? Damn, I should have stay put.
Trading is the same in life. We are constantly faced to make a decision and we don't know for sure if the outcome would turn out the way we want. So how?
We minimise our risk. We ask ourself questions like "Can I afford not to queue?" and What are my options?
So you may want to queue for another 20 minutes and if the snail pace queue aint moving the way you want it, you get out. Option 2 : Is this thing you queuing for really what you want? Does it generate more benefits than the risk involved? Time, money, opportunity costs all weigh in.....
Don't let the long queue stress you out and if it turns out to be something you do not want, so be it. In life, there are mistakes and potholes we made though we can't see clearly there is one in front of us. Attempting to tread too carefully, cautious of every move and always on the defence might blind one to seeing what's in front of him a hundred metres and not knowing a train is coming a kilometres towards him.....
Trade safely, have fun, take it NOT too seriously.
Note
This is what I meant, a nice breakout but if one does not use trailing stops, all his profits are gone and maybe ends up in red as well. Nothing has changed really if you zoom out and take a closer look. All this are smokescreen , creating false signs like this false breakout only to collapse back into the channel once more. Money in your pocket is never wrong no matter how small it is. Would you prefer Mr Market to have it or you have it ?
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