After more than five years taking losses in cryptocurrencies and stocks, I learned a few things.
1: chart reading helps you plan your strategy, but it doesn’t say whether it will go up or down. chart reading is about the past and not the future
2: we have to be prepared for all scenarios—have cash if it falls, and take profit if it rises.
3: don’t get hung up on what people say. traders say:.."if it drops below X, you can go after Y, unless it goes up there, then you can go after Z". Get it? they talk talk but say nothing, and you, with your ignorance, believe those geometric drawings they make from the past, thinking they can predict the future.
So, forget about predictions—prepare for every scenario and manage risk.
NEVER be without cash, NEVER be completely out of the market.
Don’t try to predict the future.
1: chart reading helps you plan your strategy, but it doesn’t say whether it will go up or down. chart reading is about the past and not the future
2: we have to be prepared for all scenarios—have cash if it falls, and take profit if it rises.
3: don’t get hung up on what people say. traders say:.."if it drops below X, you can go after Y, unless it goes up there, then you can go after Z". Get it? they talk talk but say nothing, and you, with your ignorance, believe those geometric drawings they make from the past, thinking they can predict the future.
So, forget about predictions—prepare for every scenario and manage risk.
NEVER be without cash, NEVER be completely out of the market.
Don’t try to predict the future.