Trade without fear and add some patience

Learning support and resistance plus adding up indicators to check up the trend of the market is not enough for a novice trader.

These are just your added edge that would give you some slight advantage but not 100% guarantee as anytime the so called "whales" of the market can turn the tables upside down.

When this huge players starts to move either they pump or dump is not really a big concern for you as a "retail trader".

Why most traders lose in the market either in stocks or crypto is simply all about the fear when they enter the trade.

For some traders once the price started to go back to their entry level, they started to froze and just watch the price drops without doing any measures to counter such threat.

Presented below will be on spot/normal trading as you don't need to trade on futures or margins just to get leverage if you are just starting, else you will end up losing more than making some profits.

So how does one get rid of these fears?

The answer is quite simple, the moment the market is about to reverse back to your entry point start to unload half of your shares or volume you are holding.

You may ask, but what if it starts to bounce back after I sold half? You may have forgotten that you still have the other half on hold ready to be sold if it goes back to your favor.

And if the price continued to dive past your entry? If the sell off is too strong you may as well release the remaining half of your shares.

Well it may be quite a surprise for you at first because you are trained by your online gurus or even written on the books to "buy low sell high".

What I presented above as you may interpret would be to buy high sell low. That's very true but there is a continuation about this and this is where the real trading begins.

First we get rid of our fears when we sell half when it went back to our entry point and we are totally in control when we sold the rest when the price dives further.

Second part is the the hardest part for some traders as they are too impatient and want to make a quick buck from the market. The more trading becomes "boring", the more you will get rewarded with your patience.

How does patience begets you money in the market? Just wait patiently for another support to take place and that's where you will make your buybacks, that would be a great discount on your part.

Then wait as the market will open up opportunities for you to take your profits, it's up to you if you will grab or let this chances fly and be taken away by other traders.

Selling half when your position is in danger would be a game changer on your trades regardless of the trend of the market (bull or bear) as you can apply this to both, you just need to get the process right and repeat over and over.

Say you happen not to monitor your trades and you already had a matched limit buy order, then make it a habit to place a "sell" limit order selling half of your shares right away.

Pay attention always to previous resistance levels as your guide to make some sell limit orders.

Here's the chart to give you some idea on the trade I made.

Remember that indicators even how bullish it may look on your charts have no control over the price that comes next. Take a close look again on image above how the price went back to my entry point, good thing I was able to sell half already.

If it continued to drop, then I can dispose the remaining half and wait for another support before I make my buyback, I'll patiently wait.

When you trade, don't focus too much to get a perfect trade but learn to make some small sacrifice of losses and patiently wait to get a better position that would improve your trading curve, that's part of the strategy.

Try to go back and review our first image when the breakout failed and sell off continued, if you hold on your position and waited for a reversal and hoped for some whales to push the price to get back at your entry would be a waste of time and sleepless nights thinking of your losing position.

Trading is how you are able to manage your money, to read charts and adding some indicators are just guidance for you to understand the sentiments of other traders for you to plan ahead on possible selling and buying points.

If you can master this then you can be on par to the whales of the market.

note: You can come up with your own style if you wish not to sell half but sell on tranches that you are comfortable with.

Happy trading!