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Monday, May 18, 2020

TRADING IS NOT A RACE

“Now that’s a good plan!”

I wake this morning to a mountain of emails about BTCUSD trading … for all of
you out there, take a deep breathe and relax … this is a “process”, not a race
… first get a demo/live account with COINEXX & BaseFEX, the former for
charting, the later for live trading [or demo also] … then I send you the e-book
PDF … read, study, think, and wrap your head around the proper way to trade
via the algorithm … get comfortable with the demo, OR trade live very small
amounts that gain or lose only a few bucks at most … every person will be
different in terms of “learning curve”, with some picking concepts up very
quickly and others taking a little longer … again, this isn’t a race … initially, your
goal should be to learn & then master the algorithm … then & only then step up
and trade bigger volumes.

Pretty much all the action today in BTC, came right at the European open, where
somebody dumped some BTC quickly to start the day … since then a pile of dog
poo action wise, with only about a $200 range after 7+ hours going into the New
York afternoon.

Best opportunity today, so far, came right at 18:31 server time, the chart below.

click on chart to enlarge

Let me remind all of you wannabe millionaires out there watching & following BTC
[or any other market for that matter] … patience & discipline are the “keys” to
making a fortune trading … some days it comes fast, heavy, & hard, while other
days you drown in your own drool sitting there watching paint dry … so what?
… would you rather work for a living? … and this is what makes trading hard, cuz
you have to forego the temptation to go with your guts and stick to what’s proven
statistically … you do that, and you’re the casino in Las Vegas … and if you don’t
or can’t, you’re the guy standing at the craps table getting killed … who do you
wanna be Skippy?

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas



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