#MyStrategyEvolution
FOR MARKET PLAYERS, MUST KNOW!!!!
๐ถ Origin: Trying Without Knowledge
When I first got to know trading, I only knew one thing: price goes up = buy, price goes down = sell. Simple, but it turned out not that simple.
I followed signals, entered without looking at trends, even sometimes entered because "I think it will go up." Indicators? I used EMA and RSI, but to be honest, at that time it was just for show. I didn't understand their meaning.
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๐ Trial & Error: From Floating -90% to Learning Self-Control
Once I shorted, floating in red up to -90%. But at that time I didn't cut loss, and a few days later it even turned back to +36%. From that point, I started to learn that:
Patience is important, but there must be limits (SL)
Going against the trend is risky
Feelings are okay, but must be accompanied by data
I started to pay attention to the direction of EMA. If EMA 50 is down and the price bounces from there, then I look for a short entry. I used RSI to see overbought/sold, but it wasn't the main reference.
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๐ Evolution: Creating My Own Strategy
Now, my strategy is clearer:
Follow the direction of EMA (at least EMA 50)
Use RSI as confirmation (overbought/sold)
Enter when the candle gives a signal (doji, engulfing, shooting star)
Trailing stop & TP clear โ to lock in profit
SL is mandatory, even if it is far away