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RE: [Blog] The most stupid thing a trader can do...

in #blog7 years ago

That bold green candle yells at you “you are the only one not holding me”. At exactly this point you will notice lame people flooding the Crypto forums and the exchanges’ Troll boxes to talk about this pump. But what do we do now? Very simple, Keep moving forward. True, it’s possible that many may have caught the rise ahead of us and it can continue raising, but bare in mind that the whales (as mentioned above) are just waiting for small buyers on the way up to sell them the coins they bought in cheaper prices. Prices are now high and it’s clear that the current coin holders only consist of those little fish. Needless to say, the next step is usually the bright red candle which sells through the whole order book.

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This is why I don't like this holding thing. The moment I make a buying trade, I immediately set the selling order as well. At the price I'm comfortable with the profit. That's it.

thats the best strategy.

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