Today I’m going to share a trade with you all that didn’t go as planned, but turned out to be a great learning experience.
I thought the price of ETH would get rejected from resistance and go down. But the market went the opposite way. I entered the trade too early, without waiting for proper confirmation.
Taking a trade without confirmation is like taking a blind risk. Even if the stop-loss is small, repeated losses still hurt. When trading against the trend, stronger confirmation is needed.
I will learn to read price action better.
I will evaluate risk-to-reward more thoroughly before entering a trade.
Impatience is expensive I’ll keep that in mind. If you've gone through similar experiences, feel free to share in the comments. Learning never stops.
