Last week was a pretty đ rough one for me, guys. When 11 trades were locked in, 8 of them went bustâonly 3 were winners. The hit rate was only 27.3%. To be honest, I read the market way too wrong.
Looking back, those LONG setupsâ$NEAR , ZEC, GTC, SAND, ONEâwere all invalidated pretty quickly. Especially the LONG BTC trade at 85,668.24 on 05/10âI had to cut the loss, albeit lightly, at 83,800.00. It seems I got too impatient and assumed Bitcoin would keep climbing, while ignoring the marketâs weakening signals. These LONG setups mostly got hit by sell pressure stronger than expected; the price barely moved before turning around and hitting my stop loss. That was the biggest mistake I made this week. âď¸
Thankfully, I managed to recover a bit from the LONG NEAR trade at 5.226 and the SHORT OPEN trade at 0.1146. Even if I won, it was only enough to console myselfâit didnât make the win rate any prettier. đ
The takeaway: you canât just see green and rush in. I need to be more patientâwait for clearer confirmation and stronger support levels.
Looking back, those LONG setupsâ$NEAR , ZEC, GTC, SAND, ONEâwere all invalidated pretty quickly. Especially the LONG BTC trade at 85,668.24 on 05/10âI had to cut the loss, albeit lightly, at 83,800.00. It seems I got too impatient and assumed Bitcoin would keep climbing, while ignoring the marketâs weakening signals. These LONG setups mostly got hit by sell pressure stronger than expected; the price barely moved before turning around and hitting my stop loss. That was the biggest mistake I made this week. âď¸
Thankfully, I managed to recover a bit from the LONG NEAR trade at 5.226 and the SHORT OPEN trade at 0.1146. Even if I won, it was only enough to console myselfâit didnât make the win rate any prettier. đ
The takeaway: you canât just see green and rush in. I need to be more patientâwait for clearer confirmation and stronger support levels.