đ§ Always remember if youâre buying into a narrative itâs buying into a potential trend.
If youâre buying based off TA youâre just gambling for small moves.
Thereâs no right or wrong but itâs important to understand what youâre doing. Narratives play usually takes a few days to weeks for longer bigger move. While TA can move as quick as a few mins on both side.
Some ppl are more comfortable holding it for swing trade and some prefer to take small profit and slowly grow their account.
If youâre buying into a trend then be sure to let it play out and set your sell layer along the way and/or moving your SL higher (if play works out)
If youâre scalping for small play then you got to make sure youâre not risking too much on any play and not over trade.
Thereâs this one time I was playing baccarat in a casino, saw this random guy who came out of nowhere and aped in 2k usd on the table beside mine. Which was empty. He went in one hand and lost everything then hang around that area for awhile before walking off somewhere. Seems like heâs low on chips when he did that. Yes maybe youâll win and 1x but on the flip side if lose youâre out. Itâs the same as trading, thereâs no 100% play, everything is 50-50. Ofcoz with a strong catalyst support youâll have a better chance of winning.
But thatâs not the point, the point is if you break down your portfolio like betting 200 per hand. Youâll have 10 chances to catch something, every single hand donât need to stick to 200 per ser. Like poker, some hand you rise some hand you fold. Concept and idea is the same only you canât play buff in this game LOL
Ofcoz without taking any risk you wonât make anything. Scare money make no money. Always remind yourself why are you doing this and what is your goal, focus on the bigger picture.