Sometimes I think like this

I see there is a momentum

Set a sell limit

The price goes down according to my plan

I locked the market stop right at your entry price to make it a 0 risk for me.

It turns out when the price goes down just a little bit I immediately get stopped out.

Even though there was good momentum, but my position keeps getting stopped out even though after that it collapsed.

The result is a terrible win rate, potential profit lost.

I only won once,

but lost the potential for a big win that could help my account grow.

It turns out the market often retests

usually when it goes down, the price will go up once to test the supply area.

Well, my stop loss often gets hit, it turns out it’s hard to avoid.

I learned from my experience yesterday:

1. Don’t immediately move the stop loss when the price only moves a little.

2. Wait for the Retest Session

Usually after the price breaks down it will go up to retest the area before breaking down again.

3. Move your stop loss after the retest is complete.

I think it’s safe and doesn’t get hit easily.

That’s my experience, I’m going to share what I learned from the great King Siliwangi before.

Thank you for reading 👍