Review: Once again hunted down 😅
Feeling a bit uncomfortable; it's an old habit of mine to always place stop losses very close.
1. The drop of CETUS has ended, coupled with a breakthrough of the resistance level; however, I saw it on Sunday and didn’t buy; I waited until yesterday when it tested the support level to buy in; I set my stop loss at the previous low of 0.14; then a spike came and hit my stop loss...
2. DOGE also made me feel a bit uncomfortable: last time I wrote about DOGE, it was also a double breakthrough entry, and then I exited when the volatility narrowed and tested down. After that, I didn’t find another opportunity to enter. This habit of mine is not good: once I’ve traded a coin and exited, I don’t want to look at it again for quite some time...
*** Stop losses still need to consider ATR, can't let random fluctuations take me out! This is very important.
*** Try not to let the emotions from the previous trade affect you; what's done is done.
Seeing the structure is really just the first step; the road is still long.
