I'm not a genius trader: I've just kicked the 'losing habits' to the curb.
I've walked the wrong path.
Chasing pumps, bottom fishing, over-leveraging, holding bags.
I've paid the tuition that needed to be paid.
Later, I discovered: most people don't lose due to misreading the direction; they lose because they lack a process.
Now, my trading only consists of one thing: following the SOP and repeating the right actions. No relying on gut feelings.
1) I only trade in 'understandable' markets.
If I don’t get it = I don’t trade.
If it’s choppy = I don’t trade.
If a pin bar sweeps up and down = I don’t trade.
I’d rather miss out than hand my account over to luck.
2) I have two entry methods (you can copy them too).
A: Confirming a pullback after a breakout.
First, break through key levels (previous highs/upper range of a box/trendline).
Then, confirm the pullback holds.
Look for support (both low-volume pullbacks and high-volume rebounds count).
That’s when I get in.
B: 'Second phase acceleration' in a trend.
After the first leg up, if there’s no deep drop.
Consolidation/ minor retracement.
Then, a strong increase in volume.
I only take the second phase. The first phase is too expensive.
3) Position sizing: I never go all in (I've learned my lesson).
I now use three fixed stages:
Test position 20%: to confirm my read is correct.
Add position 30%: confirm the pullback before adding.
Reserve 50%: for black swan events/corrections/waiting for better setups.
Many people lose big because they go all in on the first try.
4) Stop loss: If I can't write it down, I don’t enter.
For stop losses, I follow one principle:
If it breaks the structure, I'm out. No emotions, no beliefs.
(I’d rather get slapped in the face than let the market slowly drain my account.)
5) My go-to 'grassroots profession' review method (it really works).
Three questions every day:
Am I entering according to plan?
Am I stopping out/reducing my position as planned?
Did I change the rules because of emotions?
As long as you can keep the third one in check, your account will visibly stabilize.
What’s the hardest part for you right now?
1 Chasing pumps | 2 Bottom fishing | 3 Not executing stop losses | 4 Not holding onto profits | 5 Frequent trading jitters.
Consider this article as a 'trading discipline checklist.'
If you can stick to two points, you'll outperform most: light positions + write down your exit first. If you find this useful, give it a bookmark, so you can revisit it when you’re itching to place an order.
Disclaimer
The above is merely a personal trading process share and does not constitute any investment advice. The market carries risks, so make sure to judge independently and control your position sizes. #BTC☀
I've walked the wrong path.
Chasing pumps, bottom fishing, over-leveraging, holding bags.
I've paid the tuition that needed to be paid.
Later, I discovered: most people don't lose due to misreading the direction; they lose because they lack a process.
Now, my trading only consists of one thing: following the SOP and repeating the right actions. No relying on gut feelings.
1) I only trade in 'understandable' markets.
If I don’t get it = I don’t trade.
If it’s choppy = I don’t trade.
If a pin bar sweeps up and down = I don’t trade.
I’d rather miss out than hand my account over to luck.
2) I have two entry methods (you can copy them too).
A: Confirming a pullback after a breakout.
First, break through key levels (previous highs/upper range of a box/trendline).
Then, confirm the pullback holds.
Look for support (both low-volume pullbacks and high-volume rebounds count).
That’s when I get in.
B: 'Second phase acceleration' in a trend.
After the first leg up, if there’s no deep drop.
Consolidation/ minor retracement.
Then, a strong increase in volume.
I only take the second phase. The first phase is too expensive.
3) Position sizing: I never go all in (I've learned my lesson).
I now use three fixed stages:
Test position 20%: to confirm my read is correct.
Add position 30%: confirm the pullback before adding.
Reserve 50%: for black swan events/corrections/waiting for better setups.
Many people lose big because they go all in on the first try.
4) Stop loss: If I can't write it down, I don’t enter.
For stop losses, I follow one principle:
If it breaks the structure, I'm out. No emotions, no beliefs.
(I’d rather get slapped in the face than let the market slowly drain my account.)
5) My go-to 'grassroots profession' review method (it really works).
Three questions every day:
Am I entering according to plan?
Am I stopping out/reducing my position as planned?
Did I change the rules because of emotions?
As long as you can keep the third one in check, your account will visibly stabilize.
What’s the hardest part for you right now?
1 Chasing pumps | 2 Bottom fishing | 3 Not executing stop losses | 4 Not holding onto profits | 5 Frequent trading jitters.
Consider this article as a 'trading discipline checklist.'
If you can stick to two points, you'll outperform most: light positions + write down your exit first. If you find this useful, give it a bookmark, so you can revisit it when you’re itching to place an order.
Disclaimer
The above is merely a personal trading process share and does not constitute any investment advice. The market carries risks, so make sure to judge independently and control your position sizes. #BTC☀