The market isn't something you guess; it's something you follow.
People often ask me: Will it pump or dump tomorrow? My answer is always: I don't know.
I don't guess the top or bottom. I just wait for the price to hit my trend lines, wait for the candlesticks to give a confirmation signal, then execute according to my rules.
Becoming friends with the market is what we should aim for.
In these past few years, my biggest takeaway has been learning to 'wait'.
When the signal comes, I trade. If I'm wrong, I cut losses; if I'm right, I hold.
It's not about 'I think it's going to dump,' it's 'my system tells me it's time to short.'
It's not about 'I think it's going to pump,' it's 'my system tells me it's time to long.'
How the market moves is the market's business. How I respond is mine.
What I can do is clearly write down my rules and then execute them.
Only act when the price hits my levels, otherwise stay put.
Admit when I'm wrong, and don't get greedy when I'm right.
If I can't read it, I wait; if I can, I trade.
This is my 'ladder rolling strategy'. Not perfect, but it has kept me alive!
The market unfolds step by step, and money is made one trade at a time. There are no miracles, only discipline.
The market is always right, but people are not!
People often ask me: Will it pump or dump tomorrow? My answer is always: I don't know.
I don't guess the top or bottom. I just wait for the price to hit my trend lines, wait for the candlesticks to give a confirmation signal, then execute according to my rules.
Becoming friends with the market is what we should aim for.
In these past few years, my biggest takeaway has been learning to 'wait'.
When the signal comes, I trade. If I'm wrong, I cut losses; if I'm right, I hold.
It's not about 'I think it's going to dump,' it's 'my system tells me it's time to short.'
It's not about 'I think it's going to pump,' it's 'my system tells me it's time to long.'
How the market moves is the market's business. How I respond is mine.
What I can do is clearly write down my rules and then execute them.
Only act when the price hits my levels, otherwise stay put.
Admit when I'm wrong, and don't get greedy when I'm right.
If I can't read it, I wait; if I can, I trade.
This is my 'ladder rolling strategy'. Not perfect, but it has kept me alive!
The market unfolds step by step, and money is made one trade at a time. There are no miracles, only discipline.
The market is always right, but people are not!