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BCH Academy 2: The Secret of Always Profiting Even When You're Sleeping
yes, i am rich, i buy Bitcoin Cash at standard price and i receive profit from market. OMG, I'm poor because I paid dearly and the price keeps dropping. I had to hold back.
From those two statements, do you enjoy the market every day? Whatever it is, sometimes we have to be grateful to the market.
The main mistake of new traders is paying crypto in full, or all in. Without sufficient knowledge, new traders feel the heartbeat is faster than normal. New traders look at the market every minute, every hour, from morning to night.
When the price drops, new traders will be disappointed and cry. When the price is higher than what is paid, new traders are happy and laugh.
However, we don't have time to see the market all day long. Unless we are full time traders. For those of us who play in the market with time left, being disappointed is as common as we feel happy. So, new traders should know how to play in the market for beginners.
Trading does not know our time, on the contrary we are the ones who determine when it is time to buy and sell. Each of us has a different time. With small capital, we must pay attention to the right time.
How do you determine the exact time?
From my experience and the experience of my friends in the market. This crypto appears to be active for 24 hours. So, no time is really right unless we set the time for it.
We have to manage our time to play on the market price. Because market prices are unpredictable. Sometimes, time can't tell how we pay and sell at the market price.
For new traders, we have to look and read the chart for 15 minutes. So, every 15 minutes, we see how buyers and sellers are and how much volume is trading. What we have to pay attention to, the market price is always more expensive because there is a volume change every second and every minute.
So, the market price will be very helpful when you see the profit percentage above 10%.
I'm not promoting what is the best app for exchange wallets. You can choose one application and use that application to its full potential. All you have to know is to determine how the app helps trading. Because the application was not created to stress you. The application was created to make it easier for traders, including you.
Like a limit order to buy, so a limit order to sell is a tool for you to determine your profit. We learn from the example above. When you buy crypto by paying $100.
Would you use the market price to sell the cryptocurrency? An advantage like this has no choice unless you are in the best position.
The wise choice is to use limit orders to sell. Whatever the market situation. Nothing controls your feelings. The stressful pressure went away.
However, you must have a strong mentality like a warrior mentality. And, you have to be patient no matter what happens.
Limit orders to sell are very helpful for day traders. We can determine the profit of 1%, 3%, or 5%. Then, we just wait for the market to work on its own. When the selling price reaches the set point, the crypto will be sold automatically.
The manual system for determining limit orders helps new traders to learn to read charts every 15 minutes.