Hello friends and traders! Welcome to my chart analysis. Just drunk a cup of drink with pizza bought by BTC!
Today before I start analysis chart, I wanted to share my trading experience from last Nov 2017.
The reason I share this experience with you friends is to not duplicate kinda my habits and mistakes when you want to start trade.
When I start trading, I didn't know well about the financial market and started with large capital. Just to me, it was much capital.
So I was quite stressful and eager to trade. But most of my trades are losses and sometimes when I lucky I made some profit, but because of my greed, I also lost most of that profit.
And then the second step was to flip my position, it was a kind of revenge trading!!!
And then lose again!
So let's say I started with 10BTC of my trading asset and my final balance was 0.5 BTC. That was really crazy right? LOL
So I learned a lot and studied about trading. Ok my mistake was on position size. That's the key! Position size can make you much stress or much calm and get you out of emotional trading.
Ok so many thing to talk about my experience... But I want to pause my experience here.
Alright looking at 1H-chart again, I am still bullish. We've just tested again the support line and made higher low. I am LONG on this price because I still believe we are in bull market from Total marketcap chart and pullback has been done (Just my guess and experience).
######### IMPORTANT ##########
Trade with small position size, add more if you confirmed the trend an and it can continue the way. Set exit targets, reasonable stop-loss lines.
Don't make simple stop-loss line as described in trading guide. That's shark's trap!
Alright!
I trust in myself. LOL
Thank you and leave any comments, ideas!
Today before I start analysis chart, I wanted to share my trading experience from last Nov 2017.
The reason I share this experience with you friends is to not duplicate kinda my habits and mistakes when you want to start trade.
When I start trading, I didn't know well about the financial market and started with large capital. Just to me, it was much capital.
So I was quite stressful and eager to trade. But most of my trades are losses and sometimes when I lucky I made some profit, but because of my greed, I also lost most of that profit.
And then the second step was to flip my position, it was a kind of revenge trading!!!
And then lose again!
So let's say I started with 10BTC of my trading asset and my final balance was 0.5 BTC. That was really crazy right? LOL
So I learned a lot and studied about trading. Ok my mistake was on position size. That's the key! Position size can make you much stress or much calm and get you out of emotional trading.
Ok so many thing to talk about my experience... But I want to pause my experience here.
Alright looking at 1H-chart again, I am still bullish. We've just tested again the support line and made higher low. I am LONG on this price because I still believe we are in bull market from Total marketcap chart and pullback has been done (Just my guess and experience).
######### IMPORTANT ##########
Trade with small position size, add more if you confirmed the trend an and it can continue the way. Set exit targets, reasonable stop-loss lines.
Don't make simple stop-loss line as described in trading guide. That's shark's trap!
Alright!
I trust in myself. LOL
Thank you and leave any comments, ideas!
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