It doesn’t matter how much you invest. Because that’s subjective, 2 USDT may be too much for a person and on the contrary 200 USDT may be too less for another.
What matters is your PNL percentage…..
If you go through my previous posts, I told that future can’t be predicted but technically analysis is used for probability, backed by patience and safeties…..
1…… Deployed Fibonacci retracement Start Point 0.00857 and End Point 0.02323
2…… Amongst the ratios the golden are 0.382, 0.5 & 0.617.
3…… Price of the coin retraced to 0.1415 that corresponds to 0.617 (golden ratio).
4…… Moreover price also rebound from 99 MA and already above 233 MA
5…… Finally RSI is also below 50
I always take positions with small margins and better my position and margin if price of the coin falls. If it doesn’t, no worried will take small profits and if falls well even better will increase the margin and better my position. Finally ready for better gains :)
Have anyone tried this. You can do 2 things with it…..
1….. Get mor profit If the long term trend is bullish and you have a good opening position, you can at the same time take profits with corrections
2….. Make ur position better If you have taken a position and not sure about the trend. What u can is that take long as well as short position. When u get sufficient profit from short, close the short and add the same profit into the long position making it better….
The Virtue of Patience in Trading: A Key to Long-Term Success
Trading in financial markets can be a thrilling yet challenging endeavor. It's a world where fortunes can be made or lost in the blink of an eye. In this dynamic environment, one quality stands out as a beacon of light for traders seeking long-term success: patience. Patience in trading is not just a virtue; it's a vital skill that can make the difference between consistent profitability and constant frustration.The Role of Patience in Trading1. Avoiding Impulsive DecisionsPatience is the antido