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Why are 90% of traders unprofitable? They can make money and have good days. But then - they blow it all out on stupid trades And that cycle keeps repeating. This stems from a Flawed Mindset. You think that just because you are a "trader", you have to trade every day, stare at charts, find setups and make money at all times. And that's completely wrong. A trader must also know when to STOP looking for trades and when the market is NOT good. So what should you do? Start doing Nothing Strange, right? How do you make money doing nothing? Just as trading is about "making money", it's also about "protecting your hard-earned money". If you don't learn how to be defensive, the market will always take your earnings back. Stop trading after hitting a profitable trade. Stop trading when the markets are shitty. Stop trading when your edge is not presented. Stop trading when you meet your loss limit. If you simply stop trading at specific moments, you'll transcend your losing stage. Try it out, thank me later.
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Some of you are concerned why bitcoin is going up but not Altcoins Altcoins were going up while $BTC was consolidating. It's very usual that when Bitcoin starts to move Altcoins either starts to consolidate or take a small hit. Once BTC starts to consolidate again or Altcoins pullback/consolidate enough, altcoins will eventually move The whole market is run by Algorithms and this is how algos are designed. we can't do anything with that.
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The Absolute good example of a legit breakout. $BTC
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5 Days later and $BTC is up $7000 since i made that post. You were not ready for this right ?
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+50% move followed by -60% dump Someone cooked REEF. LOL
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