BTC market on 6/2, FX Plus 369
Good morning to all readers ^^
I am Ai, the self-proclaimed number one junior disciple of 369-sensei ♪
First, let's look at today's BTC market ♪
EMA Settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD has been showing a quite severe downtrend, hasn’t it?
On the daily chart, it has decisively fallen below the 75 EMA, and RSI has dropped to around 30.
On the H4 chart, it continues to fall while diverging far from the 20 EMA, clearly a selling-dominant trend.
When it drops in one direction this much,
you might think,
“It should rebound soon.”
But the market can go further than we think (・∀・;)
Rather than trying to forecast where it will rebound,
in this phase,
it may be more important not to take on risky bets ^^
Recently I’m again reminded that,
those who grow their capital,
are not necessarily
“those with a high win rate.”
In fact,
even with similar methods,
and similar market views,
big differences in results appear.
One of the things that creates that difference is
the way you think about position sizing (lot size), you know ^^
Many people think of lot management as
“something to protect capital.”
Of course, that’s correct ♪
But what’s truly interesting is that
lot management isn’t only about protecting,
it also has the power to increase capital.
Even with the same method,
changing the way you think about lot sizes makes the capital curve completely different.
Therefore, I,
as much as I value method development techniques,
also place great importance on lot management (`・ω・´)
Many people learn how to win, but
surprisingly few study how to grow capital ^^
Lot management.
Protect → Trim → Grow
Just knowing this way of thinking will greatly change how you view the market ♪
Details here ↓
https://www.gogojungle.co.jp/finance/navi/articles/113407