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RE: Short Bitcoin $10,100 - Short term target $7500 - Stop $11000

in #bitcoin7 years ago

Experience is definitely key in shorter term trades. For the most part, doing all of things needed to make a successful day/short term swing trade can be tough especially when you have to battle with emotion too.

As always knowledge is the best weapon to use against fear. If you know how to manage your trade and your risk and you do as you have said, Set and forget, you will be fine. Day/swing trades should be analysed, entry and exits defined, set and left to play out. If you don't just leave it to play out, you just find yourself REANALYSING and you will convince yourself out of a good trade.

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So yeh I would say - to anyone that follows my shorter term calls to either follow them EXACTLY with set orders for stop loss and target and leave it to play out, or simply don't trade them at all :) I want to help people to make money not the other way around!