Peter Brandt reveals key strategy in volatile crypto market: details

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Amid breathtaking trading action in the financial and cryptocurrency markets, a seasoned trader Pierre Brandt emerged as a nugget of wisdom for those looking to navigate the current volatility.

Brandt, known for his extensive knowledge and decades of experience in trading, states a basic fact: making money in trading is relatively easy; the real challenge is maintaining it.

Brandt’s ideas come from years of experience in various financial markets, including the cryptocurrency market. He emphasized that the key to long-term success in trading is not just generating profits, but also preserving those gains. According to Brandtthe realization of this principle marked an important point of maturity in his business career.

The veteran trader pointed out that frequent drawdowns – periods in which various assets experience significant drops in value – required him to make the same profits repeatedly. This repetitive cycle of gains and losses highlighted the importance of capital preservation. For many traders, especially those new to the crypto market, these dips can be discouraging and lead to a feeling of chasing losses.

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However, the ability to manage these periods without letting them wipe out hard-earned profits is what differentiates successful traders from others. Brandt’s advice reminds us that trading is not just about the thrill of making profits, but also the discipline needed to protect them.

Brandt explains that after a profitable period, the priority should shift from aggressive trading to safeguarding accumulated capital. This strategy does not consist of avoiding risk but of managing it with increased caution.

Bitcoin briefly topped $70,000 during Wednesday’s trading session after the Federal Reserve left interest rates unchanged and signaled that only one cut was expected before the end of the year.

On Wednesday, the Fed held rates steady between 5.25% and 5.50% and said it would cut them only once, later this year, compared to three planned rate cuts in March.

At the time of writing, Bitcoin was almost erasing its gains and was up just 1.75% over the past 24 hours to $67,928.

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