"MY TRADES JUST DON'T GO MY WAY. WHY DOES EVERYONE ELSE HAVE THEIR TRADES THEIR WAY?"
Traders occasionally lament that their trades simply don't work out. This reveals a lot about their trading style.
Let me tell you why.
whether or not your trade appears to 'not' go your way. Instead of aiming for perfection, it need to be more of an attrition-based conflict. Even though your trades don't always go as planned, did you stick to your plan? That's okay, such kinds of times do occur. Thus, stop losses are necessary to prevent your approach from being invalidated. Other than calculating how much you've lost by sticking to your plan. Have you tallied the number of victories you've achieved by sticking to your plan? You would undoubtedly not be proud of yourself for rigorously adhering to your plan if you did not. You may maintain consistency and integrity in your trading strategy by adopting a realistic attitude. instead of pointing the finger to this strategy if something goes wrong. Remember to always be appreciative about invalidations. They merely demonstrate that you will need to do better in your subsequent deals and that you improve and gain experience each time you encounter these challenges.
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.