YOU WILL GO FAR WITH THIS MENTALITY! (THIS MAY CHANGE YOUR LIFE IN TRADING!)
"Do you really think limit orders are important?"
This question is asked far too frequently by a variety of traders.
traders who are having difficulties. Every market shift affects those who are making money. both new and experienced traders.
Here's some guidance.
This is just an example, okay?
The people that make the greatest money in trading are the ones who enter at limit orders. Bitcoin was refused up to $57K after being rejected at $64K. Enter with a long limit of $57K and exit at $58K or $59K. Did Bitcoin swing from $54K to $62K? Enter with a $62K short limit and exit at $61K or $60K. Quick thinkers and people who have perfected patience control are frequently the ones who enter at those crucial levels. One of the trading mindsets that will help you advance beyond your current trading stage is this one.