Folks,
Getting interesting now!
in my post before this one I said aggressive traders can step in now.. and that was at $0.59.- when the candle was a small body and now turned in to a medium body..
Price is testing it's support now (the close price of the white candle).
If we hold this level than we can make gains upwards.. otherwise we will test, as it already has done, 1st support area again.
Did you know that when traders talk about edges in trading, that it consists of;
1. Portfolio selection
2. Entry
3. Exit
Most important part is 3 in my opinion..
Because when you are right you must have a target price to take your profits and be satisfied with it.. my experience learns that when you don't have a target price and you will make profits eventually you will stay with less in your hands than when you would have a target price.. because emotions sets in and you get more creedy when it seems that you are right and than karma sets in. EXPERIENCED!!!!
But when you are wrong in a trade you want to know that as quickly as possible.. So beginners don't trade more than 0.5/1% per trade of your total trading account!
Getting interesting now!
in my post before this one I said aggressive traders can step in now.. and that was at $0.59.- when the candle was a small body and now turned in to a medium body..
Price is testing it's support now (the close price of the white candle).
If we hold this level than we can make gains upwards.. otherwise we will test, as it already has done, 1st support area again.
Did you know that when traders talk about edges in trading, that it consists of;
1. Portfolio selection
2. Entry
3. Exit
Most important part is 3 in my opinion..
Because when you are right you must have a target price to take your profits and be satisfied with it.. my experience learns that when you don't have a target price and you will make profits eventually you will stay with less in your hands than when you would have a target price.. because emotions sets in and you get more creedy when it seems that you are right and than karma sets in. EXPERIENCED!!!!
But when you are wrong in a trade you want to know that as quickly as possible.. So beginners don't trade more than 0.5/1% per trade of your total trading account!