Learn from your mistakes and develop a set of steadfast rules for successful trading. Experienced traders learn from the lessons of the past and develop specific trading rules to avoid making the same mistakes twice. They stick to their rules, no matter how much temptation there is to violate them. Everyone has a different list […]
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Veteran trader Scott Melker revisits some recent Bitcoin trades, as well as an interesting trade on altcoin Ankr Network (ANKR). In my fifth journal entry, I provide updates on my previous Bitcoin (BTC) position, highlight a new BTC position, and discuss a recent altcoin trade on Ankr Network (ANKR). BTC/USD Setting up the trade Entries: […]
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Do you understand your tolerance for risk? Being armed with this knowledge is essential — especially if you’re interested in crypto. “Risk tolerance” is a buzzword that’s commonly bandied around in the investment world — and with very good reason. Although the phrase “no pain, no gain” has some truth — and there will always […]
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Bitcoin price failed to retain full support to steer clear of the $7,000 range, in line with predictions from earlier in the week. Bitcoin price (BTC) fell below $8,000 in fresh choppy trading action on Oct. 16, after several days of slow grind ended in a bearish turn. Cryptocurrency market daily overview. Source: Coin360 Bitcoin […]
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The majority of crypto traders are overexposed to digital assets and lack balance in their portfolios. In situations such as these failure to plan is a plan for failure. The crypto market has extremely low barriers to entry, meaning anyone with an internet connection, a smartphone or a computer and a bit of starting capital […]
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Majority of Bitcoin gains come in the “ten best days” each year, says Fundstrat Global Advisors co-founder Tom Lee. Fundstrat co-founder Thomas Lee tweeted a timely reminder against panic-selling on Sept. 28, reminding that the majority of Bitcoin (BTC) gains come in the ten best trading days of the year. In fact, excluding these ten […]
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Human beings are naturally emotional. We express a variety of feelings, and oftentimes we question our own decisions. These are things we have to battle to be successful in trading. While this is normal human behavior, learning how to approach trading from more of a stoic perspective will help us to achieve greater results, especially […]
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