Advice when the market is green:
1. Don't get caught in FOMO:
Even though rising prices make you want to jump in, ensure you have thoroughly analyzed and are not driven by emotions.
2. Consider taking profits:
If you have already made a profit, this might be a good time to take some profits and preserve your capital.
3. Technical analysis:
Check indicators like RSI, MACD to evaluate the next trend. A green market does not mean prices will continue to rise indefinitely.
4. Don't go all-in:
Even if the market is rising, allocate your capital wisely and only invest the amount you are willing to risk.
5. Monitor market information:
Understand the reasons for the market's rise (positive news, new capital flows, or market sentiment) to make informed decisions.
6. Manage risk:
Set specific stop-loss and take-profit levels to protect your account from unexpected reversals.
7. Maintain discipline:
Regardless of how attractive the profits are, stick to your trading plan and avoid making hasty decisions.
A green market is an opportunity but also carries risks. Trade with reason and a clear strategy.