RE: What does Support and Resistance really tell you?

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What does Support and Resistance really tell you?

in trading •  7 years ago 

Perhaps in future videos you could also explain how much to sell after the bounce. Are you selling 80% of your coins? 100%? Does it depend? If it does depend, then on what?

Awesome video. Thanks!

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I sell most of my coins on the bounce, because I cannot predict the future.. So I just make a profit and sell.. but if it was an awesome trade where I make, lets say 40% on the trade, then I would only sell half and hold the rest.. but if i made only 20% on the trade then I would hold only 20% of the position and so forth. I usually hold my profits on the trade.

Makes sense. Thank you for taking the time to answer my question. Cheers!