BTC - WHY YOU SHOULD NEVER HAVE A FIXED NARRATIVE!!!

Hey Everyone,

When BTC goes down... the Haters and negativity comes out... losing money brings out the worst emotions in people! And controlling your emotions is the first part of becoming a GREAT trader, not just a GOOD trader.

I want to address the HATERS here on Trading View and calling out a LOT of the TOP TRADERS for being WRONG!!! You will go to many charts and see...

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Mine included, TradingView in my opinion is a place for trading ideas, not fixed narratives, if we get it wrong, we use money management... Please share your ideas and have respect for the ideas of others, a red BTC brings out the worst in many people, as their hopium dies after buying the top without a stop loss or money management.

REMEMBER - IT IS NOT HOW MUCH MONEY YOU MAKE - IT IS HOW MUCH MONEY YOU KEEP!

Because if your losses are small and your wins are bigger you will win over time, and you ONLY need to be winning 50% of the trades to be in front!

This ABCDE triangle is my primary pattern, and so far playing out... and it is a pattern we saw in 2017 before the major BULL RUN, and one we often see before a strong rise. BUT if it turns into the WXY as shown, I will not be afraid to change my trade, and that is the difference in mindset between an experienced trader, and a new trader that holds on hoping and praying that it will go back up, and yes it might, BUT when you enter a trade, you enter with a clear set of conditions, if those conditions change, so should your trade. And you should ALWAYS stick to your stop loss!!! There is always another trade!

We are yet to hit BASE 3 on the PARABOLA in my opinion and this correction should do that, after base 3 the price usually doubles in the shortest period of time.

So please I welcome you comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3

تعليق:

BASE 3- shown on chart here, triangle should expand to Parabola