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Yeah me too it was a sea of red lol insane moves all the same

Im sorry i dont think that has any weight. you said it 'works at times' thats probability at play and that 'gut' feeling is due to experience. Im not saying psychics dont exist because i really have no clue but as a trading strategy i would go with technicals personally

I think it is way too early to try and correlate anything with Bitcoin. It is not stabilised and has not found its true pattern yet. Maybe in a few years it may set one but still in its infancy imo

really seems that way the way they are printing so many dollars and keeping it artificially high even through one of the worst economic situations the world has every seen in lockdown

I believe it can. I have been watching crypto charts on the 15/5 and 1min and they seem to coincide well with my technical analysis

Agree hedging is better for a wider gap in price/time. Even then it can still not be worth it. Once youve done your analysis you should have risk management in place and be okay with the loss and move to the next if necessary

like this lol it is all about probability so once you have a stop at a place where you are comfortable and you know you have backtested your strategy to make sure it works you should be fine.

Doesn't surprise me it is going to move up and down for sure it was a large drop but with the markets for it being so new i think there will be lots of adjusting and manoeuvring over the next few months

Thats amazing! its also a really good price to get in at now. Even with the volatility. The masss adaption can only mean one thing for BTC and that's up long term imo

I do think BTC will be playing a massive role in this in a few years time

Thanks so much ill have a look at these too :)

Very interesting thread will have a read through and definitely add to my watchlist :)

I love looking at this historically and predicting into the future :)

wow thats a chunk of change to lose :0

i would love to learn more about sentiment. Is there anywhere you would recommend starting off?

Thanks for the update not seen this!

It is possible to make money with the correct risk management and an average system. You have stumbled across one of the most important things in forex. Management of the trade and risk. If thats correct youre probability of making increases 10 fold

I think the broker is no longer as big an issue as it once was. There are so many out there now that are solid and reliable. Another is people being afraid of hard work and not having the commitment to ride the waves of success and failure. This is a business and needs to be treated as such. I...

I think lots of psychological fortitude comes from experience too as well as reading books. No amount of reading can match the value of being in the trenches and feeling them feelings yourself

Great post also the business model is based around 92% failing and charging a premium to take the challenge. That is their main source of revenue it seems not the profitable traders