Having a hard time getting those pips off the ground?

Here are a few tips that could help you with that!

Ps: This isn't financial advice. Not that it sounds like it anyway.

1. Use less indicators and oscillators

Many people love the power that comes with indicators and oscillators. They can tell you where price is going, or the volume of trades or the previous action of price so you can better prepare for the future. The problem is that all these oscillators and indicators are based on different mathematical formulas.

Having one or two on your graph is fine. Maybe three.(three is a crowd, remember?) But having 4 indicators on your graph is doing too much.

The truth is that you don't need all those indicators anyway. I know people that trade successfully with clean graphs where support and resistance were drawn.

Having too many of these could also slow down your decision making process and make you miss out on some good trades.

Imagine if you have a convergence on two of your oscillators, bit your indicator is telling you to sell. What do you do then?

2. There is no "right moment"

I always used to beat myself up whenever I wasn't able to sell at the very top. The truth is when you bought Bitcoin at $8200, and it goes all the way up to $9330, you've bagged a pretty good profit. But you have no idea that it will really all the way up to $9600, so you sell at $9330. And it's perfectly fine. Because you should be thinking of who you sold to, not yourself.

It's impossible to guess where the market is headed. So whenever you see profits, you take them. It doesn't matter how much

Waiting until price reached the very top can be costly. You may blink and instead of seeing a nice green candle, you see a long red candle that goes back to support. 

So take your profits when you have them!

3. Don't try to predict the market. It won't end well.

Trading is speculation. It's speculation on the price, not on the market itself.

Whenever we predict price action, we never predict that it would move sideways or range. Our predictions are usually strictly up or down.

In practice however, the market has done whatever it pleases, whenever it pleases. It's not healthy to try to predict the market.

There have been candles where bearish engulfers have been followed by bullish engulfers twice the size of the bearish ones. Nothing is truly certain in this world of chance.

Thanks for reading!