REALISTIC APPROACH TO EVERY MARKET SCENARIO
If you're looking for realistic approaches in the market to be more profitable. You're in the right place.
Do this.
First, take a deep breath, calm yourself and take time to understand what went wrong with your trades. Next, acknowledge that these errors are normal and what's not normal is if you remain stuck in doing the same error again and again. Hence, the best practices is to think of possibilities that you can think of in order to prepare for both best and worst case scenarios.
Let's take #LSK as an example.
In the event LSK gets rejected and breaks down further from the support that's holding it. There's a high possibility that it will go in between the key levels 0.49 & 0.77. Therefore, the best action to take with this available information and probabilities is to prepare long positions every once in a while on those key levels. The daily-monthly RSI for LSK is still below 50. If you take into factor these information, you can see that LSK is heavily undervalued. As the possibility of the RSI hitting 20-30, this will potentially be met with high demands of those who are waiting at the bottom.
This viewpoint makes the 'worst-case scenario' to no longer be the worst-case scenario anymore.
Stay wise, trade cautiously.
