BTCUSD And Not Buying Silly Prices
Hey Traders,
Upon this Morns Crypto News/Sentiment surrounding Binance... You have the option to make a decision. Eyes will race to that of the 'New' asset hot in popularity which is Bitcoin.
If you have to trade it, you always want to buy dips to attain value. There is no value really in buying high prices because naturally, you are getting a worse deal if long.
And yes, there COULD be a larger upside in the future. But show me how you can prove at this exact point in time, factually, that this will occur. That is a Discussion and not a fact. This is why you should buy dips, they are facts. Dips are low prices within moves up and therefore naturally retain more value than prices that have already had their wider move.
Now, if you are short, you need to minimise risk enormously because this asset is a HVA. Any shocking news that arrives (may see it with what's going on) can you blow you to smithereens. This is dangerous and often will happen if you are buying highs far away from key moving averages (that you always arrive back to). Often the further away from the 20/40 and further 100/200/500 the lower the market value in the opposite direction.
It's far better to just consistently ONLY buy things when they are cheaper and ONLY exit when they cost more. That is the natural art of dealing anything for long term gains.
Without acting in such way you are simply avoiding reality. If you are after the 'thrill' seeking aspect of Trading.. you WILL lose money. The market is not for thrill seekers it is for those who are in control of both MIND and also RISK. That is because what rules Trading is decisions made in the brain and the longevity of your equity management and damage control when you do make worse decisions. This mitigates the bad times and gets you back on the good.
If you do not manage both accordingly you will suffer, so make sure ya do. Remember Bitcoin only took off a few years ago we are not looking at something which has 30 40 50 years of price action and therefore inherently has greater risk. There CAN be upside. There really can. However, we are where we are and if you do not use factual price then you are guessing.
Trade small and trade safe always. Also, think about how you want your portfolio arranged.
Upon this Morns Crypto News/Sentiment surrounding Binance... You have the option to make a decision. Eyes will race to that of the 'New' asset hot in popularity which is Bitcoin.
If you have to trade it, you always want to buy dips to attain value. There is no value really in buying high prices because naturally, you are getting a worse deal if long.
And yes, there COULD be a larger upside in the future. But show me how you can prove at this exact point in time, factually, that this will occur. That is a Discussion and not a fact. This is why you should buy dips, they are facts. Dips are low prices within moves up and therefore naturally retain more value than prices that have already had their wider move.
Now, if you are short, you need to minimise risk enormously because this asset is a HVA. Any shocking news that arrives (may see it with what's going on) can you blow you to smithereens. This is dangerous and often will happen if you are buying highs far away from key moving averages (that you always arrive back to). Often the further away from the 20/40 and further 100/200/500 the lower the market value in the opposite direction.
It's far better to just consistently ONLY buy things when they are cheaper and ONLY exit when they cost more. That is the natural art of dealing anything for long term gains.
Without acting in such way you are simply avoiding reality. If you are after the 'thrill' seeking aspect of Trading.. you WILL lose money. The market is not for thrill seekers it is for those who are in control of both MIND and also RISK. That is because what rules Trading is decisions made in the brain and the longevity of your equity management and damage control when you do make worse decisions. This mitigates the bad times and gets you back on the good.
If you do not manage both accordingly you will suffer, so make sure ya do. Remember Bitcoin only took off a few years ago we are not looking at something which has 30 40 50 years of price action and therefore inherently has greater risk. There CAN be upside. There really can. However, we are where we are and if you do not use factual price then you are guessing.
Trade small and trade safe always. Also, think about how you want your portfolio arranged.
Free Pro Multi Asset Trading Guide:
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.