Is this kind of pattern consistently observed in the cryptocurrency market? (YOU WILL BE MORE LUCKY THAN THE OTHERS!)
You ought to have realized that you kept seeing these kinds of patterns! But, because you always convince yourself that these are simply there and that they won't form if I enter the market, you never had the opportunity to document them. Here's where you're mistaken. The true worth of seeing patterns like these comes from your perseverance and commitment to seeing and observing them. Results don't appear right away, but the pattern always appears. You must constantly remind yourself that this is profitable, not just in terms of the money you will make, but also each time you see, evaluate, and trade these kinds of patterns. You'll grow stronger.
"MY TRADES JUST DON'T GO MY WAY. WHY DOES EVERYONE ELSE HAVE THEIR TRADES THEIR WAY?"
There are moments when traders complain that their trades just don't go their way. This says a lot about how they trade.
Let me explain why.
No matter how many times your trade seem to 'not' go your way. It should be more of a battle of attrition rather than a battle for perfection. Your trades don't go sometimes but you followed your strategy? That's fine, moments like those happen. Hence, the reason why you need stop losses for the invalidation of your strategy. Aside from counting your losses from following your strategy. Did you count how many wins you've got from following your strategy? If you didn't, then surely, you wouldn't appreciate yourself for strictly following your strategy. The realistic approach to trading is how you stay consistent and true to your approach. Rather than blaming this approach in case things go south. Never forget to be grateful for invalidations. They just prove that you will have to do greater with your following trades and every time you face these obstacles, you become even better and more experienced.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.