{"id":46151,"date":"2021-06-04T08:04:31","date_gmt":"2021-06-04T07:04:31","guid":{"rendered":"https:\/\/mktplace.org\/?p=46151"},"modified":"2021-06-04T08:10:19","modified_gmt":"2021-06-04T07:10:19","slug":"top-10-trading-tips-as-bitcoin-price-continues-to-rise","status":"publish","type":"post","link":"https:\/\/mktplace.org\/top-10-trading-tips-as-bitcoin-price-continues-to-rise\/","title":{"rendered":"Top 10 Trading Tips When Bitcoin Price Is Rising"},"content":{"rendered":"

When Bitcoin price is rising, gaining over 40 per cent in value in just over three weeks our cryptocurrency expert Bob Loukas, has provided a key trading tips. As the founder of Bitcoin.Live<\/a>, the educational cryptocurrency\u00a0platform for traders, Bob believes that this might be the end crypto distrust, and invites traders to utilize this spike and give trading a go.<\/p>\n

1. Trade the Trend<\/strong><\/p>\n

\u201cThe trend is your friend\u201d may be the most widely used truism in investing\u2026and it\u2019s directly applicable to the study of Cycles. With Cycles, we attempt to identify significant Lows that mark the start of new trends. If you always trade with the trend and never trade against it, you\u2019ll significantly increase your odds of trading success. The most important of all trading tips.<\/p>\n

Trading a trend with Cycles is fairly straightforward in concept – if a longer-term Cycle is moving up, buy the troughs of a shorter Cycle; if a longer-term Cycle is moving down; sell the tops of a shorter Cycle.<\/p>\n

2.\u00a0 Work for Optimal Trade Entries<\/strong><\/p>\n

Optimal trade entries are those that occur when the underlying asset is finding its Investor Cycle Low.\u00a0 These lows occur 2-3 times per year, generally after frightening drops, and most often in concert with major, trend-changing events. Trade entries at these lows typically have strong risk\/reward profiles.<\/p>\n

3.\u00a0 Stop Losses<\/strong><\/p>\n

Another trading tip: each position must have a stop loss. Know when to cut your losses and never be afraid of missing a rally. If the position is going against you, get out and regroup. Leaving a trade with a small loss is easy but allowing a small loss to balloon into a large one is inexcusable and sets the scene for a catastrophic loss in a portfolio. Too many investors stubbornly hold onto losing positions rather than admit that price did not move as they thought it would.<\/p>\n

4.\u00a0 Protect Capital First\u2026Then Worry about Winning Trades<\/strong><\/p>\n

A natural extension of #3, protecting capital is the single most important step in wealth management.\u00a0 All the winning trades and associated gains are worthless if you give them all back through a few lousy portfolio-busting trades.<\/p>\n

Avoiding losses is about letting go of the idea that each trade must be a winner. Once you understand that you won\u2019t, can\u2019t and don\u2019t need to win every trade – and that missing a rally is just fine \u2013 you\u2019ll be able to exit trades without regret while losses are still small. And if you ensure that your losses are small, you can be successful with only modest winning trades.<\/p>\n

5.\u00a0 Position Sizing<\/strong><\/p>\n

Keep your positions in check relative to your overall portfolio size.\u00a0 Learn to fully understand each trade, especially its setup and probability of success. Since no two trades are alike, you should adjust your position size according to the risk\/reward profile of each trade. Also, be sure to track your trading results – when you\u2019re doing well you can be more aggressive and when results have been mixed, you should trade more modestly.<\/p>\n

6.\u00a0 Leverage and Options<\/strong><\/p>\n

Unless you\u2019re a true expert, avoid significant leverage.\u00a0 The only times you should consider leverage or options are at the beginning of new Secular or Investor Cycles. This is because the odds of success are the greatest at these key Cycle Lows. Plus, a nearby Cycle low offers a tight stop.<\/p>\n

7.\u00a0 Investing with a Plan<\/strong><\/p>\n

Trading<\/a> without a plan is a proven losing strategy.\u00a0 Whether you follow the Market Cycles via The Financial Tap or some other system, you must always have a plan in place which includes trade size, conditions for entering a trade, and reasons for exiting a trade.\u00a0 Think through them all in advance so that, no matter the market conditions, you\u2019ll know how to respond. Also make sure to ask yourself some key questions: \u201cWhy am I buying\/selling here? Does this fit my plan\/strategy? Am I likely to question the trade (for non-plan compliance) in the future?\u201d<\/p>\n

Trades go against investors all the time, even when the trades were entered via a well-defined strategy and according to a preset plan. Losing trades are normal \u2013 they are the price of trading. Losses provide you with the opportunity to tweak your strategy and improve your plan.<\/p>\n

8.\u00a0 Treat Investing Like a Business<\/strong><\/p>\n

One of the most important trading tips is that. In order to be successful, one must approach trading and investing as a business and not as a hobby. Investing should be one of the most important aspects of your life, right after spirituality, family, relationships, and personal healthcare.\u00a0 You\u2019ve likely spent years working to earn your wealth; you need to treat your wealth with the respect it deserves.<\/p>\n

Understand what you\u2019re investing in, why you\u2019re investing, and what your expectations should be.\u00a0 Never solely rely on an online service, advisor, index fund, or wealth manager.\u00a0 Take control of your personal financial future, get educated, and understand where every dollar of your wealth is invested.<\/p>\n

9.<\/strong>\u00a0Don\u2019t Force a Trade \u2013 Wait For an Optimal Trade Setup<\/strong><\/p>\n

Even the most experienced investors have to fight the urge to trade unnecessarily.\u00a0 For a variety of reasons, investors generally overtrade\u2026and thereby greatly diminish their overall returns. That’s why this trading tip is so important.<\/p>\n

It\u2019s better to wait for an optimal trade setup \u2013 one that fits your trading plan; These trades have much greater probability of success than trades taken impulsively. Over time, taking higher probability trades will provide a much higher winning percentage and far greater portfolio returns.<\/p>\n

10.\u00a0 Trade within Your Means<\/strong><\/p>\n

Trading is as much about avoiding significant losses as it is making gains. Significant losses are difficult to overcome and can directly affect your quality of life.\u00a0 There are NO shortcuts to financial success and the freedom it affords. Success in the markets must be earned.\u00a0 Only trade with money that you can comfortably lose. Never trade with borrowed money (credit cards\/line of equity\/margin), have patience, and be realistic with your expectations. Hope you have enjoyed those trading tips.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

When Bitcoin price is rising, gaining over 40 per cent in value in just over three weeks our cryptocurrency expert Bob Loukas, has provided a key trading tips. As the founder of Bitcoin.Live, the educational cryptocurrency\u00a0platform for traders, Bob believes that this might be the end crypto distrust, and invites traders to utilize this spike […]<\/p>\n","protected":false},"author":99,"featured_media":46155,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"codedeyo_gutenberg_meta":"","footnotes":""},"categories":[9904,23],"tags":[44,16683,166,16684,70],"class_list":["post-46151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-market-view","tag-bitcoin","tag-cryptocurrencies","tag-finance-1","tag-fintech","tag-trading"],"acf":[],"yoast_head":"\nTop 10 Trading Tips When Bitcoin Price Is Rising - MKTPlace<\/title>\n<meta name=\"description\" content=\"Trading tips - When Bitcoin price is rising, gaining over 40 per cent in value in just over three weeks our cryptocurrency expert Bob Loukas, has provided a key trading\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mktplace.org\/top-10-trading-tips-as-bitcoin-price-continues-to-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 10 Trading Tips When Bitcoin Price Is Rising - 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