Trading = research

2021년 6월 12일

Hi Folks,

I learned the lesson of ' the trend is your friend until it bends ' through CHILIZ.

When I started trading I bought CHZ at a low and rallied up through the top. I could have made a very beautiful profit.

But unfortunately as many others I didn't have a plan so my total profit vanished at some point.

Lesson learned; Only entry a market with an exit strategy.

I found it astonishing that so much people want to know WHEN to entry a market but I almost never get asked for when to EXIT a market.

So al that much for now. Going back to the chart.
I really like the underlying project of Chiliz. I see very much potential in it so I keep my eyes on this asset.

What does this chart tells me?

I see a descending triangle. As I have learned to think in possibilities and probabilities my experience has thought me that more often than not a descending triangle 'breaks' out downwards.
And this is the (I find interesting) part of Trading this not always have to be. For now it has ' broken' the descending triangle upwards and the prices move to the first resistance point.

This is where my interest goes now. What do I do next? I wait patiently with my eyes and mind open to see how the price will develop in coming days.

Quote of the day;
A man who prepares himself for success, must become successful one day.