Siddharth Giri

🚨Biggest #Trading Mistake🚨

Suppose you start trading with $1000 and you decided to risk 5% ($50) per trade.

You open a trade after confirmation but the trade hit stop-loss. You open another trade after confirmation but this trade hit stop-loss again.

After two continuous losses, your balance is $900 & you start panicking & your mind forces you to take the wrong decisions.

Now you start thinking about recovering your losses instead of making a profit & to recover the loss your mind forces you to open another trade.

You open another trade without confirmation & this time you take a higher risk because your mind is forcing you to do so. The trade hit stop-loss again.

💔Your mind keeps forcing you & you keep doing the same mistake again & again & you end up with a $0 balance after a few more trades. #BinanceTournament

$TAO - Closed This Long for 0.4R Loss because TAO/BTC is looking weak. ❌️

$BTC - Closing This Long at Breakeven because looks like price will take the liquidity below previous day low again.

$TAO - Long Setup.

I Longed TAO because Price is consolidating above demand in LTF. I think it can bounce, if BTC holds.

$BTC - Long Setup.

Trying this Long here because price created Double Bottom with Bullish RSI in m15 and Price is also testing previous range high.

Let's see how market reacts.

$UNI - 4R Profit.

You can fully close here because I think BTC can reverse from here or 89k so it's better to book profit.

$UNI - 2.5R Profit ✅️

Now you can book partial profit and move SL to breakeven.

$UNI - 1R in Profit ✅️

Now, you can move SL to 8.4, which is below previous low. If BTC stays bullish after NYO, UNI can go much higher. Let's see how market reacts after open.

$UNI - Long Setup.

Price is consolidating in a range and I think it's ready for the breakout but this will work only if BTC stays bullish.

$ZEC - Long Stopped Out ❌️

$ZEC - Long Setup.

All altcoins has already bounced along with BTC but ZEC is lagging so I am betting on ZEC Long. Let's see how this goes.

$BTC - Closed Short for 0.75R Profit.

$BTC - Short Setup.

Bearish RSI Divergence in H4 + Price is rejecting from range high.

Let's see how this goes.

$ZEC - Closed my short for 2R Profit because of weekend.

Price is also creating Bullish RSI Divergence in LTF so it can bounce here.

$ZEC - Short Setup (Very Risky).

I am trying this short with very low risk and the reason behind shorting ZEC is ZEC/BTC Pair, which is looking bearish in LTF.

Let's see if this works or I stop out instantly.

$BNB - TP 2 Reached ✅️

Currently, BNB/BTC is bearish that's why it didn't reached Final TP. Once BNB/BTC will start going up, BNB/USDT will go much higher than Final TP.

$BTC - TP Reached ✅️

Now, I don't want to FOMO into a new trade during weekend. I will look for new trade on Monday.

$PUMP - Long Setup.

PUMP is trying to break the trend-line in daily. If BTC stays bullish, I think PUMP can bounce.

$BNB - TP 1 Reached ✅️

You can book partial if you want and if you still want to hold the position, move SL to breakeven.

BTC is chopping currently, if BTC starts showing Bullish Sign, I think BNB will bounce like ZEC and Near.

$BNB - SL Missed By a $ 😀

Now BNB/BTC is also looking good so I think it can bounce but everything depends on BTC. If BTC stays bullish, BNB will be bullish.