@rebeccaryan
Thank you for reading my post. It is for you that I write this. And for others as well.
I had wanted to add a little more information to my trading decisions.
It isn't any secret that I rely heavily on the indicators that I have purchased or am paying monthly to receive.
This is why I pay.
It is because others have spent a lot of time and effort to understand what they call, "the rhythm of the market."
In addition to that. They also needed to know how to code all the information that they acquired into a usable addition to the charts. So, whatever they receive in compensation. It was through hard work and knowledge.
The cryptos should be much the same. I think that I had seen a charting service with usable indicators that they were offering for a fee. Sorry. I didn't save it.
Maybe a search on Google would identify some for anyone interested.
Believability or trust could be a concern though. Not everyone is qualified to be a chart builder.
But, I do believe that at some point in time. Many services and guides will be available. Maybe some are now.
I haven't looked for any. Trusted sources will also be identified.
As you have said. The best is yet to come.
Francis
I really appreciate that you are taking the time to do this. It really does help me to be able to follow along and support you. I have no time to be a trader because I think to be really successful at it, you must constantly be watching for the best opportunities to buy and sell and not lose the farm at the same time. I don't have the nervous system for it. I know this about myself. I would sleep even less than I do now.
I appreciate ALL the skills that you have taught yourself Francis.
I can't tell you how proud I am of you for teaching these things to all of us.
I greatly admire you. (I know what you are thinking. Yes, I do. Do not argue with me on this point.)
Thank you for teaching me. I Steemit love you Francis. ;)
@rebeccaryan
I need to get down over the hill and do a little homesteading today. And I will.
I have to answer your reply. I will take time for you always.
It is true. I have learned a lot about futures trading. And I could conceivably take some
of that knowledge over to "crypto trading." But, I likely won't do that. At least not now.
One very important aspect of trading is the "black swan" event. We can be blindsided by it at any time. Even shocking news events can roil the markets in a rapid movement. For or against us.
Remember. Stops are for loss protection. But, in a fast moving market. Stops can be of little value. The bid has to be there to stabilize the market. In a fast moving market. The bid can be what is called, "overrun." Meaning the market is moving so fast. That the bid is swallowed up in fast trading action. Rarely does this happen. But, when it does. It isn't pretty.
I will always help anyone who has any questions. I don't have all the answers. But, maybe someone I know does.
Thank you for Steemit loving your needy friend. I need all the friends I can get. Without friends. Life can be a little lonely. I Steemit love you too. I am so glad that we have Steemit.
How would I have ever known you and @knarly327. Truth is. I wouldn't.
Francis