RE: Live Trading 3: STEEM - Elastic band
Thank you for your kind respond. You are welcome my friend. Thank you, I hope my posts will help you. I am sure they can. Of course shortterm can be profitable but it usually is not as profitable as mid- or longterm; moreover because it is very difficult to predict.
Whatever, you sound like a smart person, I like that. I can see your point.
True, always have the right risk management. Simply follow the rule: "Do not lose money.".
Could be true. Imo, of course, there are many different ways to trade correctly but I know that my strategy works and well, I am only here on Steemit because I want to help other people to achieve financial freedom. However, I do not say that my way is the best - people who really want to become a trader need to keep calm and be rational; do not follow emotions and find a strategy/trading plan which fits you best. Keyword: discipline, as always in life.
The best system is always the one that works for you!
Absolutely; I generally like your comment - you seem to be a lit person.
I take your point about not being clear where my entry and exit points were though, it looks this is something I need to make sure I communicate clearly in my following posts. To clarify, I went short at 45731 sats and closed my position at 39591 sats. which is a 13.4% profit on this particular trade. Blue line shows approximately where I bought and where I sold.
I really did not mean to be mean (lol), I simply did not fully understand. So, thanks a lot for the clarification. Now I got it.
Have a great day my friend!