$BTC The easiest place to lose money in short-term trading is probably not the first time you stop out, but the moment after you stop out when you immediately want to make the money back.
My rules will be simpler.
After the first long position gets stopped out, don’t immediately reverse and don’t enter again right away. Wait until at least one 15-minute candlestick closes.
If the original support level holds and price goes back above it, and trading volume recovers, then consider entering again for the second time.
If you make a wrong call the second time, stop trading in that direction for the day.
Seeing a wrong call once in a day is normal. If you still add positions after getting it wrong three times in a row, it basically turns into fighting with yourself.
My rules will be simpler.
After the first long position gets stopped out, don’t immediately reverse and don’t enter again right away. Wait until at least one 15-minute candlestick closes.
If the original support level holds and price goes back above it, and trading volume recovers, then consider entering again for the second time.
If you make a wrong call the second time, stop trading in that direction for the day.
Seeing a wrong call once in a day is normal. If you still add positions after getting it wrong three times in a row, it basically turns into fighting with yourself.