/biz/ - Business & Finance

[Anonymous No.18658764]

Im new to this. When do you take profit? And if you close it, you should go long right away right? What does these 4 red lights mean?

[Anonymous No.18659382]

Following as I am very new to this as well

[Anonymous No.18659457]

take profit now dude, and then be patient. the key is patience and not rushing into a new position. monitor the market and re enter after a dip.

[Anonymous No.18659528]

>>18658764
why do peoples trade cross

[Anonymous No.18660340]

>>18659457
If you know its going to dump why take profit? And if you think its the bottom why not open a long?

[Anonymous No.18660541]

>>18659528
Because they're not afraid of losing all their money across all positions on a single liquidation.

[Anonymous No.18660637]

>>18660541
Im going to kys myself if that happens

[Anonymous No.18660811]

>>18660637
The value of your life is worth $386?

[Anonymous No.18661314]

>>18658764
You will learn how to take profit with time, but I'd advise you to take profit at resistance, when indicators start going the other way, or when you are happy with your trade, remember if you double a 100% win you will have 400% your initial investment. Also consider partially taking profit while it goes up and putting a stop loss where you bought

[Anonymous No.18661520]

>>18658764
enter longs at supports, shorts at resistence.
take short pofit at supports and long profits at resistance levels. Don't enter trades inbetween these zones, that's just a 50/50 bet.
Once your trade is in profit, set up stop losses which are inside your profit range.
Don't fomo, sit back and look for a good entry for an opposite position of your fomo order.
The market is explicitly trying to catch people in the no-trade zones and make you fomo in or out of orders. If you enter at a key resistence/support, stick to your trade, but be wary of breakouts of course.

[Anonymous No.18661885]

>>18661314
>>18661520
thank you /biz/nessmen.
>>18659457
Guess i should have lmao