Determining what kind of trader you are might be a difficult question for a beginner just starting out, but with a little experience, you might begin to understand if you are a day trader scalping for the day, a swing trader patiently waiting to gain profits in the next few days or weeks, or an investor looking to generate wealth in the next three to five years. No matter what kind of trader you are, a system using technical analysis is relevant to becoming successful in the crypto space.
Many investors and HODLers think they don’t need technical analysis and that “TA'' is just for short-term traders, but that’s just plain wrong. All traders should have a proven system to follow where they can strategically navigate through multiple time frames and intelligently develop a game plan that should provide a clear analysis for whatever way the market goes. A day trader or swing trader needs a technical analysis system to gain profits in smaller time frames just as much as an investor needs a technical analysis system to gain profits on higher time frames.
Without a system, you are basically buying or selling at random price levels and possibly at the worst times. It is known in any type of trading that you should be buying low and selling high, which is impossible without an intelligent system. A system that uses technical analysis can provide you with the tools to generate profits by accumulating near-critical dips and confidently exiting at probable tops. No matter what kind of trader you are, utilizing the NWT system taught at NewWave Traders allows traders to generate wealth by using proven strategies that complement each trader's skills, preferences, and lifestyle.
To learn what your trading style is, download my free 2022 trading roadmap, and get started with NewWave Traders today!