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Head and Shoulders This seems to be forming a head and shoulders pattern. It would be smart to wait on this and then short for some good gains.On my last post I was looking at a long position and I was right on the money! Now we are still waiting for this to hit the TP to then take the short position.Shorting around 92.000 would be a good idea. Quote: “The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder Trader essential from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy, 5. amzn.to - Lenovo Ideacentre AIO 520S 23-Inch Desktop Computer (Intel Core i5-7200U, 16GB DDR4, 1TB HDD, Intel HD Graphics 620, Windows 10), F0CU0001US 6. amzn.to Apple iMac (21.5" Retina 4K display, 3.0GHz quad-core Intel Core i5, 8GB RAM, 1TB) - Silver 7. amzn.to -Dell i5680-7813BLU-PUS Inspiron Gaming PC Desktop 5680, Intel Core i7-8700, 16GB DDR4 Memory, 128GB SSD+2TB SATA HDD, NVIDIA GeForce GTX 1060, Recon Blue, Windows 10 64-bit
BITFINEX:LTCUSDShort
by Red_Rock5
Why are you failing? Part 1I often think to myself how many traders are actually good and could make money? What if the main reason you're failing is because you use leverage the wrong way. I think every trader has made the mistake of over leveraging in a position when they think they see a really perfect trade. Now maybe they're right but as you know nothing is lined up 100% perfectly in trading.For example they may have saw a great support which they bought into ,but before moving up again the price drops more which resulted in a losing trade. If they have had the right position size it may have helped them be more patient. You often hear people say control your emotions when trading and I strongly believe that your position size will determine how your emotions will play in any given trade. Disclaimer: These are just thoughts and random charts. Quote of the day:“Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.” – Larry Hite Trader Essentials from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy,
by Red_Rock5