BTC market on 5/14 FX Plus 369
Good morning to all readers ^^
I’m Ai, the self-proclaimed number one disciple of Mr. 369♪
Today, first, I’ll take a quick look at the BTC market ^^
EMA settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD: The daily chart is moving below the 200 EMA, and the upside remains heavy.
On the H4 chart, after a relatively large drop, it’s reacting near the 75 EMA.
RSI has dropped toward around 40, so the short-term is slightly more bearish.
Personally, I’m watching whether this recovery sell-off continues, or whether it bounces off the 75 EMA ^^
BTC has really been volatile lately (^ω^;;)
Trading is,
“the moment after you lose”
is the most dangerous, isn’t it?
If you’re on a losing streak,
you may feel,
“I want to recover in the next trade!”
and many people end up wanting to fiddle with lot sizes,
which I think happens quite a lot (・_・;)
But,
when emotions enter here,
the plan starts to crumble.
Conversely,
• set a loss limit
• repeat the same rules
• don't make unnecessary changes to lot sizes
even just enforcing these will greatly reduce outcome swings ^^
In practice,
it’s more about
“whether it won’t break down”
than “whether you’ll win.”
In the past, I used to think the completely opposite (laugh).
Lot control technique.
Protect → thinning → increase
It’s simple, but
it’s truly profound (`・ω・´)ゝ
Details here ↓
https://www.gogojungle.co.jp/finance/navi/articles/113407