My Mistake with $BTC: Learning NOT to Chase Micro-Bounces 🤦♂️
Crypto traders, today I share a valuable (and painful) lesson from my trading history! 🤕 In my trade on May 10th with $BTC/USDT, I tried to catch a micro-bounce after a sudden drop. I bought a small fraction (0.00005 BTC) at 103,857.15 USDT, thinking I had found a temporary support.
What went wrong? 🤔 The market, relentless, continued its descent. My entry was premature and there was no significant bounce.
What did I learn? 🤓 That patience is key. One should not be swayed by FOMO or the illusion of quick profits. Looking for micro-bounces can be risky, especially in volatile markets.
How will I adjust my approach? 🧐 In the future, I will wait for clearer confirmations of trend changes (candles, volume, indicators) before entering. And I will use stricter stop losses!
Share your worst trades and what you learned from them. Together we grow! 👇
