Trading is like driving a car: if I am going in the right direction, it makes sense to keep moving forward (adding positions). But if I go off course, the worst thing I can do is speed up; I must slow down and turn back quickly before I get more lost.
I know what R:R and SL are. But achieving precise entries I have not accomplished with any strategy
PatricioLagosFredes
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the problem is not over-leveraging. the problem is that you need to get precise entries, with a fixed stop loss and a good ratio. if you don't know what the ratio is, you cannot trade.
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It is to keep injecting money into a trade as the price goes against you. DCA is only good in Spot and thinking in the long term (minimum 4 years)
Zerreitug
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I lost 50,000 USD in 4 years. Here are 3 mistakes that cost me more than I imagined. If I had known this before, I would have saved myself a lot of pain…
✅ No over-leveraging
❌ Not doing DCA in your trades
🚫 Never money that is not mine
Which of these mistakes have you also made or are still making?
Doing DCA in trades with leverage is chasing the price, it is clinging to the operation. Which is never advisable, you should always cut losses quickly.
GenTrader
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Reply to @Zerreitug
Por que no hacer DCA? en que consideras que no te fue de ayuda esa estrategia
I lost 50,000 USD in 4 years. Here are 3 mistakes that cost me more than I imagined. If I had known this before, I would have saved myself a lot of pain…
✅ No over-leveraging
❌ Not doing DCA in your trades
🚫 Never money that is not mine
Which of these mistakes have you also made or are still making?
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