My Trading Explained! Frax Share (FXS) | Let's Try Again!The chart we shared for Frax Share (FXSBTC) went bust... Ouch!
But this is no big deal, this is normal...
Some we win, some we lose... Wait, it is a bit more complex than that.
We need to use a stop-loss and also have a well-developed plan before trading.
(To increase potential wins and reduce potential loss)
If one of our trades fails, we lose 10%, 20%, or maybe even up to 30% but, when our trades do good we go for 50%, 100%, 300%, and even 400/500%+ on some trades.
(This takes time, some trades can take up to 6-8 months to fully develop, patience is key)
RISK/REWARD.
We go for low risk with high potential reward.
Now, FXSBTC went down and closed below support. This is negative but can also be a plus.
Yesterday, we had a reversal candle show up.
Today, prices are starting to grow strong.
With high volume and the RSI curving up, this can turn into a strong move and we see FXSBTC reverse from bearish (down) to bullish (up).
Even with the information you just read above, make sure to do your own research before trading, study, take your time, diversify... Just as we can win, there can also be loss.
This is not financial advice.
Thanks a lot for your support.
Namaste.
