Trading 101 | How To Be A Successful Trader In 300Words +3 Steps

3. Feb. 2022

We have a massive bullish breakout from a falling wedge for the FORTHBTC pair.
This is a strong one.

Green by 150% in 2 days... Yes, the Altcoins are going bullish or at least getting started as I warned just days ago.

This is not over.
This is not all.
We are not there yet.

There can be strong shakeouts within the Altcoins markets and will happen but the bigger picture needs to be kept in mind.

It doesn't matter if prices go up or down on many pairs at the same time, what really matters is that you follow your plan.

If prices drop and your stop-loss is not hit, what is the problem?
If prices drop and your stop-loss is hit, what is the problem?

If the stop-loss is hit you close the trade at a loss and move on.
If the stop-loss isn't hit you simply wait and act according to what you planned before buying into any trade.

Anything other than bearish/drop, we simply wait.

We set the sell orders on target BEFORE HAND... Collect the profits when the targets are met.

When the market is green/growing, when the markets go up your capital/balance will grow even if you make mistakes.
When the market is green everything goes green.

When the market is down/red, your capital MUST go down as well regardless of what you do.

If you want to exit the market, then you are in the market no more.

We buy low, we sell high and then we wait if the correction period is too strong.

That's it.
That's all.

Namaste.