#20u起家日记

Day 109 1.9

Funds 2.7u

Today, I introduced an ATR indicator to automatically set stop losses. I tried it twice, and it was quite effective; I was stopped out in no time 😂.

I reflected on myself, and from now on, I will be watching the major coins to trade the altcoins. I will keep a close eye on the major coin signals, then look at the altcoins.

Then today I started reading a book called 'Trading for a Living,' and what it says is quite good:

To conquer the market, we must remember the three key elements of trading: a good mindset, a logical trading system, and an effective risk management plan. They are like the three legs of a stool—if one is missing, the stool will fall. A common problem for beginners is focusing only on technical indicators and trading systems while neglecting other elements.

I only focused on technical indicators and trading systems, and now I need to stabilize my mindset and build an effective risk management plan.