As I told you in my last post, I will now give you a few advice to help make money with corrections.
To get the most from them, you should respect those few rules :
- Identify that the phenomenon you are witnessing is indeed a correction. Know the value you want to gain from, and learn about the reasons of the fluctuations.
For exemple with bitcoin : learn about the main events linked to this cryptocurrency. that way you will be able to recognize the reasons of the fluctuations in the value and will prevent you from misinterpreting a signal and for example taking a trend reversal for a correction.
-Protect your gains ! You can do it by chosing levels where you need to sell (or buy when there is a decrease ). That is the only way to make money . you have to play it safe. You can take risks of course, but the reward is not guaranteed !
Be patient !
Tell me if this post helped you and do not hesitate to share your experiences !
