$XRP
Trading is a game of probabilities, not predictions.
To succeed and grow in this market, you must think probabilistically every time you make a decision.
It's always a game of "if this happens, then that will happen."
When the price approaches a certain level, there are a few things that may happen:
- The price may respect this level as support, and you might want to buy it.
- Or it may drop and turn into resistance, and you might want to short it or expect it to decline as long as the price stays below this level.
That's all. These are the scenarios you need to prepare for.
Now, there will always be those who say: "Dude, you're just saying the price will go up or down."
Ignore them. They don't understand the market, don't grasp the risks, and most of the time they lose money and need to vent this frustration somewhere. They are not your competitors; they are just noise.
You are here to make money. And to make money, you need to study every potential outcome and prepare for each one of them.
A real trader thinks as follows:
If this happens, then I will do that.
And if that happens, then I will do this.
Simply put, you need to identify the probabilities, determine the most likely scenario, and then manage your risks according to your plan.
This is trading.
Not guessing.
Not gambling.
Just probabilities, preparation, and execution.
