While I was writing about knowing how to read the market, this stop hunt happened. It definitely would have liquidated my position, which I had been adjusting.
#A few days ago, I was complaining about my losses. I addressed what I did wrong, corrected it, and just took profits. Sometimes the market speaks to you, and you have to know how to listen. When enough is enough, you have to get out.
I saw a drawdown opportunity and wanted to take advantage of it, risking half the minimum allowed. At this point, I adjusted the stop loss to 50% of the allowed margin and will let it run for 2 or 3 to take profits. A piece of advice for me and anyone who needs it: if you see these opportunities, don't let FOMO get the better of you—trade like professionals. Good luck if you're in; wish me luck. #BitcoinFiveWeeklyLosses #TetherPlans€28.8MForJuventusCapitalIncrease #BinanceReopensWithdrawalsForHYPE&APT #SouthKoreaDraftLawTargets15To20%ShareholderCap
A lesson I could say I learned this week is: Brother, you're intelligent and you know the market, but no matter how much you say you're a professional trader, you have to understand that there's about 20% or more luck involved. And you have to learn to live with that. Happy Sunday, everyone.
Now, on the contrary, I see this one as the winning horse. I hope it runs 15% to 30%. My stop loss is the same as the previous one, at 9%. Wish me luck!
One last thing: if you trade, don’t think of it as your only trade of the day. Remember, there will be plenty of opportunities, and securing profits doesn’t mean you have to end the session and leave. (This is for you and anyone else who needs to read it.) I use this platform as a diary, and if it helps anyone, nice!
These 4 trades really caught my attention, and I didn’t want to miss the opportunity to log them. Although I saw some exhaustion and confirmations, within seconds the price gave me a positive ROI on all of them, but I wanted more (I had reached 10% of my capital yesterday). The same thing happened to me yesterday, and I exited at a loss. I suppose I entered wanting to recover yesterday’s -11%. The next task will be to use less capital and take larger positions in cryptocurrencies with potential, and secure the 10% once they start testing it as resistance or a ceiling (though this last part is my biggest test of all). The goal is to keep moving forward. Managing 8 dollars is the same as managing 8,000 or 80,000. Keep going—it’s a matter of psychology and analysis. You gain experience through wins and failures. Today I made mistakes and lost 5%. Tomorrow maybe it’ll be 0%, and then a positive percentage. That’s what this universe is all about. Best regards.
Definitely one of my worst days. After I was in the green, I clung to a belief I heard last night (“when you’re winning, have hope”). It resonated with me, but according to my plan, it’s not advisable unless I use the break-even point. Second, I failed to follow my routine (men must be fully alert before trading, and I was distracted). I won’t trade anymore today, to safeguard my progress. I’m down 12% of my overall capital today. The interesting thing is that it’s only 12%; before this strategy, my catastrophic days had losses of more than 50%.
I still need to align my psychological growth with the growth of my portfolio. Today, Sunday, I wouldn't be working unless I saw an opportunity like this. Best regards.
Good days and bad days. On the second one, I couldn't take it and left early. I still need to work on my patience. That's it for today; tomorrow, Sunday, is a day of rest. I'll only get in if there's one that's very, very easy. Regards