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RE: Daytrading vrs Position Trading, which will make you more money?

in #trading7 years ago

well im glad you had a successful trade, but I cannot see enough chart to comment.. it looks like your dialed in to close, and you need a bigger picture.. im not sure you were trading off a real base..
Everytime you take any trade, you will have 50/50 chance of profit, so because you made a profit doesnt necessarily mean you made a good trade.. You need to buy in areas where your chance of success are more like 95/5 .. then you will almost never be in a bad trade.. anyways, please scroll out and send a 1-2month picture next post.. thanks

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i clearly don't understand bases and i am a newbie. i will watch your video on that subject again. here is the 1 to 2 month image. Thank you so much. I realize you are busy. i was just playing around with that first trade btw. The second trade is hopefully closer to your style.
https://www.coinigy.com/s/i/59777d175eb37/

no worries.. qualify your base by comparing the bounce to other bounces of the past.. so if a price area received a big bounce reaction, then draw in that base and wait for a future crack.. set alerts under that base you found.. if your alert hit and you see a bunch of red bars, meaning there is some panic selling, then you are in the safe circle and you can start layering in..
But a base is only draw after you see that big bounce to qualify it..If there is no big bounce then there can be no big surprise in the future.. The crowd makes the story, we only read it