👋Stop loss is what makes the difference.
One of the most difficult actions when trading is stopping loss. Very few people are willing to suffer the pain of losing money, but they don't know, they could lose 3-5 times that amount if they don't exit the order soon.
But where is the stop loss? It's actually quite easy to identify, they are resistance and support zones. These zones are fully analyzed by users on the Binance Square newsletter. They often fall into Fibonacci, Elliot Wave, Trendlines...
When the price breaks these zones, there is a very high possibility that it will go straight. At this time, you have to bite the bullet and stop loss, because the price can go very far, you can't play the spiritual system and pray for it to come back. It's better to cut losses to find another opportunity than to get stuck and lose a lot of opportunities.
My own experience is that when you see the price increase/decrease in a ladder pattern on all time frames 1D, 4h, 1h, 15m, the risk of exceeding the mark is very high.
Stop loss is something everyone can proactively do and know how to do. While the desire to correctly guess the market trend is more of a matter of luck.
Having said that, this skill requires a lot of practice, even pros sometimes make unreasonable mistakes. An attitude of constant regret is very bad in trading.
