When you say someone in order to have an edge over the market, you need to open big number of trades so this edge could actually play out. The reason is very simple. More trades you open, higher the chance of reaching expectancy you had in theory or demo trading. This usually means at least opening 100 trades. Once you say this to someone, he will instantly start opening new trade whenever he see some spark of sign, without waiting for confirmation. Firstly, you are already cheating on your strategy by not waiting for confirmation and secondly, there is no reason to rush. Trading should be your lifestyle, business you are going to do for 20-30 years, so hold on, don't overestimate what you can make in a year and do not underestimate your potential in 10 years. Simply, open the trade when you have confirmed setup. When you have reason strong enough, you can think of openign a trade. Do not look for new trades just to reach your expectancy faster because whenever you open a trade without confirmation, you are openign a trade that doesn't follow rules so that trade is not counting! . #trading#invest#investment#investor#investing#bitcoin#bitcointrading#bitcoinmining#bitcoinprice#bitcointrader#crypto#cryptocurrency#forex#forextips#forexsignals#forextrader#forexlifestyle#forextrading#forexprofit#forexeducation#forextraders#forexmarket#forextraining
Recap of a week ago. The markets are designed to be irrational longer than you think they should be. Just making a small summary of the past 2-3 years. We’ve had a tremendous bubble in 2017 in which Bitcoin reached a peak of $19,600. After that we’ve grinded back down to even $3,150 for a bit and now swimming around there. Was that bubble justified? Generally nope, as not much has changed on the tech. However what has happened through that bubble, we’ve raised awareness and by raising the awareness, the fundamentals are being build for mass adoption during this bearmarket. Price doesn’t reflect the progress on tech and that’s why things can become undervalued, just as the bubble in 2017 showed a ridiculous value. Don’t worry. We’re just getting started with crypto.