Hey everyone, BTC is still giving me a headache this week. Over the past 7 days, I closed 9 trades: 5 wins and 4 losses. A 55.6% hit rate is not a pretty number 😅.
I want to take a closer look at the 4 trades that went wrong. LSKUSDT LONG at $0.2805, SOPHUSDT LONG at $0.00205, and INITUSDT LONG at $0.2215. All three of these long trades hit their invalidation points too quickly, showing that I rushed to buy while volume was still thin and the signals weren’t really clear. Especially with INITUSDT: only after the long trade failed did I dare to enter a SHORT, which turned out to be profitable—proof that the market was favoring sellers at the time. The LSK and SOPH trades were much the same: prices moved sideways, then suddenly broke down. I didn’t respect my invalidation points at all. 💀
On the other hand, SHORT trades like $INIT , NIL, and BLUR, as well as LONG trades on BEAMX and HYPE, went pretty smoothly and hit their TPs quickly. This showed me just how important it is to stay flexible and read reversal signals.
This week’s lesson is to be PATIENT and wait for stronger confirmation signals, especially for LONG trades when the market outlook is unclear.
I want to take a closer look at the 4 trades that went wrong. LSKUSDT LONG at $0.2805, SOPHUSDT LONG at $0.00205, and INITUSDT LONG at $0.2215. All three of these long trades hit their invalidation points too quickly, showing that I rushed to buy while volume was still thin and the signals weren’t really clear. Especially with INITUSDT: only after the long trade failed did I dare to enter a SHORT, which turned out to be profitable—proof that the market was favoring sellers at the time. The LSK and SOPH trades were much the same: prices moved sideways, then suddenly broke down. I didn’t respect my invalidation points at all. 💀
On the other hand, SHORT trades like $INIT , NIL, and BLUR, as well as LONG trades on BEAMX and HYPE, went pretty smoothly and hit their TPs quickly. This showed me just how important it is to stay flexible and read reversal signals.
This week’s lesson is to be PATIENT and wait for stronger confirmation signals, especially for LONG trades when the market outlook is unclear.
