Looking for a new GEM 10 ( shit coin in crypto )
When I was training my sales team, I was teaching them the strategy of KISS!
KEEP IT SUPER SIMPLE. There is no difference in trading.
Let me tell you what you need;
Trend lines, Moving Averages, RSI ,Chart patterns, BB and some cool icons! That's all.
Don't confuse your mind with over hundred indicators that you don't understand how it works.
I am not saying that if you study price action and volume, discarding all other factors, you can get always 100% positive results but you will get a great result for the time you put in your trading / investing.
I sometimes just kept saying this coin cannot go down any further. I did not know what I learned later, that there is no such thing as cannot in the market!!!
Dec 2018 on Twitter, All Verge followers were saying that XVG hit $1 soon! Thanks to John McAfee!
His tweet was on Dec 14, 2017 : I included Verge (XVG) because it is a legitimate privacy coin and it is also selling for less than three cents. If you know investing, you know that it is easier for a 3 cent coin to go to 3 dollars, than it is for a $300 dollar coin to go to $30,000
it made an incredible move! Verge won the award for the biggest gains of 2017 at a whopping 1,581,942% peak gain.
So what? 90 % people lost money on XVG. WHY?
1 )They didnt know TA
2 ) They didnt know how to take profit
3 ) They were just blindly waiting Lamborghini !
In a bull market, Everyone is genius. They think They know everything.
When the bear market comes, It took everything ! Not just the profit !!!
When I first met with XVG in May 2017 , He was a pump baby. No one was expecting anything from him to break all the records . I was also not optimistic about him until John Mcafee promotes him . Most of you already know the rest of the story.
What is next? It is so close break the downtrend-line line, After losing 98% value. As long as it is above the support line, We can target the next resistance levels. Otherwise, It will lose 20 - 70 % value !
I bought a huge bag of XVG at 180 satoshi with a stop loss. Let's see how it goes!
KEEP IT SUPER SIMPLE. There is no difference in trading.
Let me tell you what you need;
Trend lines, Moving Averages, RSI ,Chart patterns, BB and some cool icons! That's all.
Don't confuse your mind with over hundred indicators that you don't understand how it works.
I am not saying that if you study price action and volume, discarding all other factors, you can get always 100% positive results but you will get a great result for the time you put in your trading / investing.
I sometimes just kept saying this coin cannot go down any further. I did not know what I learned later, that there is no such thing as cannot in the market!!!
Dec 2018 on Twitter, All Verge followers were saying that XVG hit $1 soon! Thanks to John McAfee!
His tweet was on Dec 14, 2017 : I included Verge (XVG) because it is a legitimate privacy coin and it is also selling for less than three cents. If you know investing, you know that it is easier for a 3 cent coin to go to 3 dollars, than it is for a $300 dollar coin to go to $30,000
it made an incredible move! Verge won the award for the biggest gains of 2017 at a whopping 1,581,942% peak gain.
So what? 90 % people lost money on XVG. WHY?
1 )They didnt know TA
2 ) They didnt know how to take profit
3 ) They were just blindly waiting Lamborghini !
In a bull market, Everyone is genius. They think They know everything.
When the bear market comes, It took everything ! Not just the profit !!!
When I first met with XVG in May 2017 , He was a pump baby. No one was expecting anything from him to break all the records . I was also not optimistic about him until John Mcafee promotes him . Most of you already know the rest of the story.
What is next? It is so close break the downtrend-line line, After losing 98% value. As long as it is above the support line, We can target the next resistance levels. Otherwise, It will lose 20 - 70 % value !
I bought a huge bag of XVG at 180 satoshi with a stop loss. Let's see how it goes!
Trade active:
If you have invested with me to XVG at 180 satoshi on Jan 19 - You didnt lose anything on USD pair.
As I mentioned that, I had a stop loss. My stop loss hit at 164 satoshi.
So, I was out with 10% loss on BTC pair. What is next right now?
The support level on USD pair is still holding but BTC broken at 164 satoshi.
The next strong BTC level is at 50 satoshi.
As I mentioned that, I had a stop loss. My stop loss hit at 164 satoshi.
So, I was out with 10% loss on BTC pair. What is next right now?
The support level on USD pair is still holding but BTC broken at 164 satoshi.
The next strong BTC level is at 50 satoshi.
Comment:
Cutting Losses Is like Buying an Insurance Policy.
Think about it this way: If you bought insurance on your car last year and you didn’t have an accident, was your money wasted? Will you buy the same insurance this year?
Of course you will! Did you take out fire insurance on your home or your business? If your home or business hasn’t burned down, are you upset because you feel that you made a bad financial decision?
No. You don’t buy fire insurance because you know your house is going to burn down. You buy insurance just in case, to protect yourself against the remote possibility of a serious loss. It’s exactly the same for the winning investor who cuts all losses quickly. It’s the only way to protect against the possible or probable chance of a much larger loss from which it may not be possible to recover.
If you hesitate and allow a loss to increase to 20%, you will need a 25% gain just to break even. Wait longer until the stock is down 25%, and you’ll have to make 33% to get even. Wait still longer until the loss is 33%, and you’ll have to make 50% to get back to the starting gate!!!
TRADE SMART!
Think about it this way: If you bought insurance on your car last year and you didn’t have an accident, was your money wasted? Will you buy the same insurance this year?
Of course you will! Did you take out fire insurance on your home or your business? If your home or business hasn’t burned down, are you upset because you feel that you made a bad financial decision?
No. You don’t buy fire insurance because you know your house is going to burn down. You buy insurance just in case, to protect yourself against the remote possibility of a serious loss. It’s exactly the same for the winning investor who cuts all losses quickly. It’s the only way to protect against the possible or probable chance of a much larger loss from which it may not be possible to recover.
If you hesitate and allow a loss to increase to 20%, you will need a 25% gain just to break even. Wait longer until the stock is down 25%, and you’ll have to make 33% to get even. Wait still longer until the loss is 33%, and you’ll have to make 50% to get back to the starting gate!!!
TRADE SMART!
Trade active:
Nothing special is here.
If you're serious about mastering the art of trading you need to start using the same tools as the winners.
Less risk. More confidence. Better trading results with EngineeringRobo!
You can test drive it yourself for 7 days at www.EngineeringRobo.com
Less risk. More confidence. Better trading results with EngineeringRobo!
You can test drive it yourself for 7 days at www.EngineeringRobo.com
I started to be more active on twitter. Let's get connect there as well.
twitter.com/c_ryptoengineer