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Bitcoin Profit, What Next?Hi Traders, Firstly, i hope everyone was able to take advantage of the trade signal sent here on the 13th December. The market started to decelerate and show signs of a pullback / consolidation as it approached the $20,000 level which was a cause for concern meaning the position was cut just that little bit short. I am now looking for a pullback towards $18,000 and $17,800 at which point i can reevaluate the whole setup. I hope everyone has a great week in the market. Tom Hall.
COINBASE:BTCUSD
by UnknownUnicorn180388
22
EUR.JPY - How To Deal With A Losing Position EUR.JPY missed our TP by 17.2 pips. I am sharing this for 2 reasons. Firstly, I pride myself on transparency and refuse to be a company that only show winning positions. Only showing the winning positions gives a false impression that Pro's & Full-Time traders never lose, which is simply not the case. Secondly, this is now where many second guess their strategy or punch the keyboard looking for new positions to execute due to impulsive and emotional behaviour. You have to ask yourself 3 questions. 1 - Does your strategy have a profitable edge over time? 2 - Have you risked managed your account? 3 - Now the position has closed, did it meet your rules at the time of entry? If you have answered yes to all three then continue to execute positions based on your rules and not your emotions as this game is all about probability and not certainty. Tom Hall :-)
by UnknownUnicorn180388
35