How to make money on bitcoins correctly
In spite of the opportunities, many investors are complaining that the losses on some trades are exceeding their profits on other trades. My motivation in writing this column is to help investors who see the opportunities to make money but in practice are not able to be consistently profitable.
I will answer frequently asked questions. To make it easy to learn, let us start with two real examples of how to trade blockchain and bitcoin stocks correctly. The additional information that was available to The Arora Report subscribers was the position size, how to exit in tranches, various zones and Arora Trade Management Guidelines. The Kodak chart was published how to make money on bitcoins correctly the trade was still in progress.
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Important new information was subsequently provided to The Arora Report subscribers for taking profits on the trade and exiting the position. In the early morning in pre-market on Jan. For those who were nimble and experienced, the call was to tighten the stops to protect profits.
In simple English, they are likely to move with bitcoin. Bitcoin is tanking on a report that South Korea may ban bitcoin trading on exchanges. Is Amazon going to rule the world?
Ask Arora: Nigam Arora answers your questions about investing in stocks, ETFs, bonds, gold and silver, oil and currencies. Have a question? Send it to Nigam Arora.
Frequently asked questions Q: What can be done about stops hitting before the stock runs? A: These are highly volatile stocks. Consider not putting stops where it is obvious to professionals.
Frequently Asked Questions
Q: What is the first line of defense? A: The first line of defense is the position size. Q: Why does the market always do this to me? Stock runs after I get out, my stops hit, my order did not fill, and so on.
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A: Consider changing you mind set. The market does not do anything to you. Q: What can be done about this great investment that is now a loss?
A: Look at a vast majority of bitcoin- and blockchain-related companies as a trade, not an investment. Your plan ought to be to hold it for a short time and take profits. Q: What can be done about stocks running after I get out? A: Consider the following steps. Q: What indicators should I use on the chart? A: This is a complex subject, and it will take a book to answer the question.
Table of Contents :
The most important tip is to avoid redundant indicators. For example, RSI relative strength index and stochastics are redundant in many situations. Disclosure: Subscribers to The Arora Report may have positions in the securities mentioned in this article or may take positions at any time.
All recommended positions are reviewed daily at The Arora Report. Nigam Arora is an investor, engineer and nuclear physicist by background, has founded two Inc.
He is the founder of The Arora Report, which publishes four newsletters.
Nigam can be reached at Nigam TheAroraReport. Read Next Read Next Is it different this time? Not according to Carl Icahn.
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