This week, BTC still couldn’t decide where it wanted to go, so my track record wasn’t exactly impressive either. 😅 I called 13 trades in total; 10 have closed, with 6 wins and 4 losses, leaving the hit rate at 60%. Another 3 trades are still running.
Looking at the 4 losing trades this week, I can see I was a bit overconfident. The LONG Solusdt trade I called on 05/11 at $96.32 broke through the $91.000000 invalidation level. I clearly ignored the earlier signs of weakness. The same thing happened with the LONG Hotusdt trade on 04/11 at $0.000495, which also broke through the $0.000400 invalidation level. The lesson is not to fight the trend when the money flow isn’t on your side. The SHORT Nearusdt trade on 04/11 at $3.817 hit its $4.200000 invalidation level—the market swept my stop. I should have waited for stronger confirmation. 💀
The winning trades, like $ZEC , SNXXB, LITEB, BTC, and INIT, went as expected. Nothing to get complacent about. Congrats to everyone who caught those moves. ✍️
On reflection, I’ve realized I’m a little too confident in LONG setups and not disciplined enough with my stop-loss levels.
Looking at the 4 losing trades this week, I can see I was a bit overconfident. The LONG Solusdt trade I called on 05/11 at $96.32 broke through the $91.000000 invalidation level. I clearly ignored the earlier signs of weakness. The same thing happened with the LONG Hotusdt trade on 04/11 at $0.000495, which also broke through the $0.000400 invalidation level. The lesson is not to fight the trend when the money flow isn’t on your side. The SHORT Nearusdt trade on 04/11 at $3.817 hit its $4.200000 invalidation level—the market swept my stop. I should have waited for stronger confirmation. 💀
The winning trades, like $ZEC , SNXXB, LITEB, BTC, and INIT, went as expected. Nothing to get complacent about. Congrats to everyone who caught those moves. ✍️
On reflection, I’ve realized I’m a little too confident in LONG setups and not disciplined enough with my stop-loss levels.
