Before I liked taking risks and like 100% of traders, it resulted in losses.
Risk = loss.
Then I calmed down and waited for recoveries, if the asset passes 2 peaks in accumulation, it's likely that a pump is coming.
I always got caught at the end of patterns too, you know when it drops and you can't see the bottom, I've given that up too.
From now on, it's zero risk-taking
Here is my setup:
Leverage 100: it allows for gains and room for maneuver. Because the gains must compensate for the losses.
Rsi: 35 - 70 nothing in between, it's just false signals
Wait for a historical low at 13 minutes
If close< ta.lowest[13] else it means we are not in a low buying price zone.
False breakouts: Before, when it rose
Over 83 minutes, a drop to 33 minutes and a rise to 13, I bought because it was a false breakout and I had good results but inevitably it dropped. Now I AVOID false breakouts, I consider them false signals.
I enter a buy if there is a sign of recovery, 2 previous small peaks exceeded in 1 minute, and hop that confirms. I consider placing a limit order at the 2nd peak for example, because I do this more precisely by adjusting by feel.
All this requires waiting for a valid signal and then precision.
STOP LOSE: 15% Max, best would be 7% but be careful, there are mini stop busters.
Gain: 15% minimum or around.
We have a ratio of 8%, which is actually huge in future trading.
The problem with traders is that they want to get rich very quickly, and without discipline.