I used the statement the other day: "experience is the best teacher." It seems to hold true often and it does here as well.
What I mean is...
- Don't Over Trade!
My experience trading markets has taught me, thus what I have seen this past week or so is an environment that promotes people trying to do something when there is nothing to do.
Basically, forcing trades or even new positions when really there are no clear setups. Now, of course there are exceptions for someone who is day trading, but I'm willing to bet they put on a few additional trades that were unnecessary and may wish they hadn't.
How am I able to say this with confidence?
- Experience is the best teacher
Anyway, the video below discusses this point and the current price action of BTC and ETH!
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Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.