Thread #62117135
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Why is day trading so harddd
How do I git gud
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It's not that hard to trade btc. You gotta trade based on the 4 year cycle + support and resistance. With those 2 things, you can make some good money. Have a good stop loss in case some shenanigas happen, and there you go
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The best way to think of it, even this is not strictly true, is a lot of the big players want to take money off of the noob retail traders by using sophisticated tricks that will get the better out of most people that are not using billions of dollars worth of instruments to get an advantage such as investment banks
human nature dictates that you will panic and lose your stuff with a bad entry and bad exit.
you will always be playing checkers whilst the people youre up against are playing chess
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>>62117446
An example is:
Sometimes it can feel like trades are always going against you. Obviously there isnt someone tracking your trades but big institutions will be tracking the general sentiment. They might see something like 100,000 people buying into a position at a price, then they manipualte the price, blow out like 10,000 people that exit, they take that money as it recovers.
You will find yourself in that losing position that gets blown out way more than you find yourself making the perfect trade. You see, its not just about avoiding losses but also exiting at the perfect time to maximise your return on investment. its really really really hard and might as well be random
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