JacobTrader100

BSV - Is it going higher or will it retrace?

BITFINEX:BSVUSD   BSV / Dollar
Remember about a week ago, I drew those lines.

Like I always say be prepared for both scenarios. There are only two scenarios Up or Down. Find a management system that allows you to profit from both scenarios.

I bought at the dip and sold 25% at the current prices. I think It will retrace to 170$, I could be wrong but I am okay because my system allows me to manage my positions and if i miss something, I'll be able to get it next time.

Trade with probability not feelings. The only time feelings come in play is, 'Is majority having the same feelings as me?'. If yes, do the opposite, if no maintain course. haha. 1% of people make money in the markets, so that is the thought processes.