Hi, if we use top bottom reverse trading technique hundred of times it's giving me a huge profit but sometime if the spike will not come out and market is continuing going down or up what should we do? Can we close the trades or we place more trades? how can we recover the loss? If Anyone is using the same technique let's talk and help each other all RSI lovers and respected experts welcome on my Post.
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"top bottom reverse trading technique" ... it means: sell on overbought (on level 70 for example) and buy on oversold (on level 30 for example), right?
I think - it is trend following method.
There is breakout method of trading:
buy on overbought (on level 70 for example) and sell on oversold (on level 30).
- Trend following method is less profitable but less risky.
- Breakout method is very profitable bvut very risky.
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