🎯 Common Mistakes in Trading That Lead to Stoploss
👉 1. Unclear Strong Resistance Areas
When the stoploss point is not set at a strong and clear resistance area, the risk of hitting the stoploss is higher. To remedy this, prioritize choosing clear resistance areas with strong, large momentum. This will help you have a safer stoploss point.
👉 2. Signs of Strong Pullback in a Trend
When trading in a trend and noticing signs of a strong pullback, check further on larger time frames to determine if the price is approaching a dangerous resistance area.
👉 3. Entering Orders When the Trend Has Lasted Too Long
If the trend has lasted too long, do not rush to enter an order. At this point, buying or selling pressure will gradually weaken, and if you enter an order, you will easily be caught by the "market" reversing and hitting the stoploss.
👉 4. Entering Orders When the Price Moves Sideways or Short-Term Declines in an Uptrend (Opposite for Downtrend)
Avoid entering orders when the price is moving sideways or declining in an uptrend. This can lead to the price continuing to drop, and you hitting the stoploss.
🔥🔥 Important Note: In reality, do not worry too much about over-analyzing. What matters is that you enter orders using the correct method and adhere to your trading rules.
