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THE MOVING TRAIN, An ANALOGY on When to enter a Trade
Today I'm going to tell you about the moving train and how it's related to trading. When you arrive at the train station late for some reason and you see the train already leaving, do you try to run into it or do you wait for the next one?
If you keep running into the train at the last minute, you're very irresponsible and one day you're going to fall on the tracks.
Same with trading, when a coin pumps, that train has already moved. When it pumps 5% it's like the train is just getting started, so maybe you can still get in but it's still risky. When it pumps over 50%, that's the train moving so fast that if you try to get in, you will most likely get burnt.
So, always wait for the train to slow down, when a coin pumps, just let it go, don't chase it, when it dips you can buy again and if it never dips then great anyway, you'll get into another train.
Remember, what goes up must come down and if it has already gone up, what do you think comes next ? Cheers!