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The most important lesson of the bull market!
In fact, you don't have to worry.
Everything in a bull market feels fast and you have to buy quickly or you'll be frozen.
But the reality is a little different, the reality is that you really only need to have exposure, your entry is far less important.
A common mental process is that now everything should be a quick sweep.
When things change, or we see a downward trend that's a little stronger than it has been recently, it's actually time to take our foot off the gas.
The tendency and danger for many people during these times is actually to lose money on the account by overtrading or trying to catch the bottom before the inevitable multiple sweeps, resulting in multiple stops.
Therefore, it is important to continue discussing the 30% drawdown from entry.
You don’t need to time the market, you need to understand that sometimes selling lasts longer than just a temporary leverage rush in the market.
In many cases, the sell-off lasts longer, even up to 3 weeks, but this does not change the trajectory of the market.
If you can quickly accept the anticipation of selling and realize that every red candle does not necessarily lead to an immediate reversal, you will have an easier time and be more successful during these times that catch many traders off guard.
Risk Management: Build positions slowly, don't overtrade, don't always expect an immediate resumption of gains, and recognize that all dips are opportunities.