Ripple Is Only Getting Better Updated | Psychology & Emotions

29 Nov 2022

We haven't given up on Ripple (XRPUSDT) either...

Remember that 3 drops bottom pattern I mentioned yesterday?

We can clearly see it here on this chart.
This is commonly a reversal pattern.

And even though XRPUSDT is still consolidating, there is a short-term bullish bias in place.

With a bullish bias we bet up.
With a bearish bias we bet down.

Prices trading above EMA50 and EMA10 with a strong RSI is bullish.

We switch to bearish/adapt to market only if the conditions change.
We use the charts to define what these condotions are...

Sometimes it will breakdown, of course.
Many more times it will follow the chart and grow.

But keep in mind that losing money is not an other world event, it is part of the game.

Some we win, some we lose.
Get used to it because it will never change.

It doesn't matter how good you are, there is no way to win them all.

It doesn't matter how bad you trade, even with the worst possible decisions ever, you get to win some trades.

We just have to focus on making the right decision, the best decision as frequent as possible to turn the odds in our favor.

We do this by studying, getting focused and learning to control our emotions because that is what this is all about.

Trading is 100% psychological... If you don't know this yet by experience, in time you will figure it out.

Thank you for reading.

Namaste.