There are always opportunities !!!
מעודכן
Always ?
Yes! Read 2 Corinthians 9.8, James 1.17 and John 10.10 in the Bible.
The ones who spend time to plough the field and sow the seeds early get to take advantage of the 1st selling opportunity. Next comes the 2nd , so on and so forth.
So it is fair that the trader who got in at the 4th selling opportunity and get stopped out cannot blame the market for a fierce rebound. You would have known the price has fallen from 1.10 to 1.08 , a big move already.
And the one who took advantage of the 1st selling opportunity and continue to add on to the 4th ones will still enjoy a net profit even if the 4th one is stopped out.
In this regard, when you become too jumpy and over diversified like having 20-30 pairs in your portfolio and thinking you can make quick gains, you are more likely to capture the 4th selling opportunity of some pairs as you are busy scanning the market.
Strike a balance, between 4-8 depending on your skills and comfort level. Over diversification can kill..............slowly....
Yes! Read 2 Corinthians 9.8, James 1.17 and John 10.10 in the Bible.
The ones who spend time to plough the field and sow the seeds early get to take advantage of the 1st selling opportunity. Next comes the 2nd , so on and so forth.
So it is fair that the trader who got in at the 4th selling opportunity and get stopped out cannot blame the market for a fierce rebound. You would have known the price has fallen from 1.10 to 1.08 , a big move already.
And the one who took advantage of the 1st selling opportunity and continue to add on to the 4th ones will still enjoy a net profit even if the 4th one is stopped out.
In this regard, when you become too jumpy and over diversified like having 20-30 pairs in your portfolio and thinking you can make quick gains, you are more likely to capture the 4th selling opportunity of some pairs as you are busy scanning the market.
Strike a balance, between 4-8 depending on your skills and comfort level. Over diversification can kill..............slowly....
הערה
praise the lord. those who took the 4th selling opportunity make some profits, never mind if it is small. we all start somewhere. And there are those who continue to sit on the fence wondering should I get in or wait for it to rebound higher. This is the opposite as trying to catch the bottom but here, you are attempting to catch the high point.
Seize the opportunity that Mr Market gives you.
הערה
if you take a back seat and look at the bigger picture, you would see that the resistance is at 1.088 and the support around 1.078 level. Thus the price action is in a range now, much like the indices as well.......
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.