Why i never go all in at one level +Update on bitcoin buy 32350
Bitcoin hitting first resistance level, it was support before now it can become resistance. Cutting down on my buys , left some open.
I published already on this, but I will do it again now.this is the key to the profits. Very important.
I never buy everything on one level, always start small and buying more as it drops.
Position building as pyramid with little on top and heavy on the bottom.
Very simple reason for this. How many times you buy in to position and it moved up right away without going against you first?
Maybe 5% of the times? And this is mean that when you open buy , you will have 95% chance that prices will drop first before going up. So what’s the reason to buy everything on one level if you know that 95% it will drop first ?
Let’s say i want to buy 10 bitcoin at 32350 with stop 31500 , knowing that i have only 5% chance to go up right away and 95% chance it will go down first, i will buy let’s say only 1 bitcoin on that level and as I know that 95% chance it will drop below before go up , i will look for more buying below, as gapping up, engulfing, hammer and buy maybe two more coins, and if it drop below i will look to buy two more , and so on until I filled my 10 coins order. And the more it will go down the better price i will get and even slightly rebounding will bring me to positive territory.
So my entry started at 32350 and my stop at 31500 create my buying range with maximum position 10 bitcoin total.
I hope you understand what i try to explain. This is the one of the key ingredients to make money.
See idea attached
I published already on this, but I will do it again now.this is the key to the profits. Very important.
I never buy everything on one level, always start small and buying more as it drops.
Position building as pyramid with little on top and heavy on the bottom.
Very simple reason for this. How many times you buy in to position and it moved up right away without going against you first?
Maybe 5% of the times? And this is mean that when you open buy , you will have 95% chance that prices will drop first before going up. So what’s the reason to buy everything on one level if you know that 95% it will drop first ?
Let’s say i want to buy 10 bitcoin at 32350 with stop 31500 , knowing that i have only 5% chance to go up right away and 95% chance it will go down first, i will buy let’s say only 1 bitcoin on that level and as I know that 95% chance it will drop below before go up , i will look for more buying below, as gapping up, engulfing, hammer and buy maybe two more coins, and if it drop below i will look to buy two more , and so on until I filled my 10 coins order. And the more it will go down the better price i will get and even slightly rebounding will bring me to positive territory.
So my entry started at 32350 and my stop at 31500 create my buying range with maximum position 10 bitcoin total.
I hope you understand what i try to explain. This is the one of the key ingredients to make money.
See idea attached
