Trading Mistakes

in #cryptocurrency7 years ago (edited)

one common mistake I see traders make is not realizing one very simple principle
which is markets trade most often in a sequence of

down/sideways/up
(up/sideways/down)

meaning it is fairly rare that you have a down trending market turn right away in a up trending one

as such it is not advisable to be in all scenarios the first one to execute a trade from a time sequence period

or in short, considering this principle should result in a more prosper entry and exit point

proper execution points provide better risk management and a more psychologically supportive trade management mindset

(this might sound rudimentary but I have seen advanced traders struggle with this so lets not undervalue the importance of this principle)

(charting courtesy of TradeStation)

as always
feel free to ask any questions about this or prior posts and thank you for your time
@allthereisislove

your upvotes are greatly appreciated and may be you even consider following me THANK YOU !!!!!

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This wonderful post has received a bellyrub 34.78 % upvote from @bellyrub thanks to this cool cat: @allthereisislove. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.

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thank you so much

Very good and wonderful content
A great effort
Greetings

thank you so much for the praise-this encourages to continuously provide high quality content-wish you a marvelous weekend

may be this could interest you-wish you a fine rest of the day:
https://steemit.com/cryptocurrency/@allthereisislove/these-tools-help-any-steemian

thank you for your very valuable time

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