Before entering, draw a fallback plan first $ETH
Buying high and entering is the most common starting point for losses—once you rush in, you’ll typically run into consolidation. After your stop-loss is hit and the downside move finishes, the market may finally start moving. The position size was too heavy; no matter how accurate your judgment is, you can’t withstand the interim counter-moves. Later I changed my approach: only enter after confirming the market has stabilized at that level, and place the stop-loss at the point where the structure is broken—not based on a fixed percentage. Each trade’s position is calculated separately; I don’t bet all my capital in a single direction. If I’m not sure, I stop and wait, and only act once the signal is clear. Preserving capital matters far more than being right about the direction. As long as the account is still alive, you have the right to talk about the next #XRPDefends$1 $HYPE
Buying high and entering is the most common starting point for losses—once you rush in, you’ll typically run into consolidation. After your stop-loss is hit and the downside move finishes, the market may finally start moving. The position size was too heavy; no matter how accurate your judgment is, you can’t withstand the interim counter-moves. Later I changed my approach: only enter after confirming the market has stabilized at that level, and place the stop-loss at the point where the structure is broken—not based on a fixed percentage. Each trade’s position is calculated separately; I don’t bet all my capital in a single direction. If I’m not sure, I stop and wait, and only act once the signal is clear. Preserving capital matters far more than being right about the direction. As long as the account is still alive, you have the right to talk about the next #XRPDefends$1 $HYPE