Trading Strategy Error – Valuable Learning
Recently, I made a classic mistake: I entered a short-term trade without real confirmation of a breakout, relying only on the initial momentum and a 'nice' green candle. The asset in question was Sui/USDT, and the setup looked promising... until the volume dried up and the price gave back everything on the same day.
My mistake was clear: I didn't wait for the close above the resistance or for the volume to confirm the entry. I also didn't adjust the stop correctly, which widened the loss. Today, I only trade breakouts with volume + closed candle above + confirmation by RSI or EMA.
Each mistake is a disguised teacher.
