The Harshest But Most Necessary Trading Lesson (Black Swans)
Well there you have it.
The BTC Market Slides and slides on Poor market sentiment after the FTX crash.
Many Traders will have seen the current price we are falling to (circa 14K) and thought ah, we won't get there..
Well we are almost there. Which is why you must know what a Black Swan is and how they can and will happen.
If you are fully prepared for such scenarios you will manage your risk a lot better. If you know there is a chance any Asset you are Trading can fall and fall, or rise and rise, to extreme levels, you will become naturally averse to 'over leveraging' yourself. Traders all the time suffer from this but you must always remember that price targets that are extreme often are an inevitability. In other words, Monthly targets get hit over time.
This is because the Market shifts up and down based on buyers and sellers interests. At the moment, the market sentiment has got so poor that BTC and many other cryptos have fallen. People pull out and the price falls.... And eventually lots of people do this and you get extreme targets hit.
So, always bear in mind that you can and WILL fall to extremes. It saves a lot of heartbreak!
Trade HVA's Small. Trade them safe.
The BTC Market Slides and slides on Poor market sentiment after the FTX crash.
Many Traders will have seen the current price we are falling to (circa 14K) and thought ah, we won't get there..
Well we are almost there. Which is why you must know what a Black Swan is and how they can and will happen.
If you are fully prepared for such scenarios you will manage your risk a lot better. If you know there is a chance any Asset you are Trading can fall and fall, or rise and rise, to extreme levels, you will become naturally averse to 'over leveraging' yourself. Traders all the time suffer from this but you must always remember that price targets that are extreme often are an inevitability. In other words, Monthly targets get hit over time.
This is because the Market shifts up and down based on buyers and sellers interests. At the moment, the market sentiment has got so poor that BTC and many other cryptos have fallen. People pull out and the price falls.... And eventually lots of people do this and you get extreme targets hit.
So, always bear in mind that you can and WILL fall to extremes. It saves a lot of heartbreak!
Trade HVA's Small. Trade them safe.
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bit.ly/willsbpa
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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