$BILL 🤔 Trade summary

The strategy I’m applying is helping me find opportunities in the market.

Now, looking back at the attempts I’ve made, I’ve noticed that when I lose, I look for some justification to avoid accepting the loss. For example, “I lost this trade because the price hit the SL.” I should have added that indicator, or I didn’t see that support level, among other things. I think that’s a mistake; I should just minimize losses.

So I’ll keep applying the strategy with leverage, and all that’s left is to wait.
I’ll try applying the strategy on the 1H timeframe, in a day-trading style.

I’m currently in a trade on BILL.

The strategy I came up with to find an opportunity was as follows:

✅Step 1: Find an oversold market
✅Step 2: Draw a support level
👀Step 3: Deceleration (the step before a reversal; the price may or may not reach the support level and decelerate)
👀Step 4: Reversal candle

The first move was from the support level up to the 25 EMA, and I missed that trade. But I see that the price is still oversold, so I draw a support level higher than the one I drew before. A reversal candle appears, and I enter the market.

SL below the low and TP at the next resistance level. With lower leverage, I should be able to manage the position better. Now I’m waiting to see the results.

I think the key is to repeat exactly the strategy I’m using across several trades. That way, I think I’ll be able to become profitable and recover from my losses 😅.

Do you think it’s time to go Long, Short, or wait for confirmation? Remember to do your own research (DYOR).