$BTC For newcomers, establishing your own trading system is very important.
To put it simply.
Indeed, analyze the overall market trend, select indicators, observe trends, check current support and resistance levels, calculate risk-reward ratios, and set take profit and stop loss levels.
Enter the market!
This is a trade.
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But it's just the beginning!
Once you learn these, you are no longer gambling blindly; trading does not mean being reckless. But it does not guarantee a win rate.
The win rate still requires countless trades, numerous reviews, and learning. Adjustments accumulate slowly.
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This is why in recent days, Doug hasn't updated.
Because I had three consecutive losses, then one profit, and then another loss. The profit-loss ratio is 4:1.
Especially with three consecutive losses.
This indicates that the market patterns I targeted have shown signs of change, and my trading system has shown some divergence (not absolute divergence), but any sign of inconsistency must be halted.
1. Adjust your mindset to avoid emotional trading.
2. Review trades and trade with small positions. Review.
Healthy and profitable trading must follow certain patterns.
Cycle profits.
Buffett said, a 100% win rate is for the gods.
A person's goal is to earn more and lose less. When earning, aim for 5. When losing, aim for 2.
