#MyStrategyEvolution
FOR MARKET PLAYERS MUST KNOW!!!!
š¶ Beginning: Trying Without Knowledge
When I first got to know trading, I only knew one thing: price up = buy, price down = sell. Simple, but it turned out not that simple.
I followed signals, entered without looking at trends, and sometimes entered because "it seems like it will go up." Indicators? I used EMA and RSI, but honestly, at that time it was just for show. I didn't understand what it meant.
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š Trial & Error: From Floating -90% to Learning Self-Control
Once, I shorted, floating in the 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 there I began to learn that:
Patience is important, but there must be a limit (SL)
Going against the trend is risky
Feeling is allowed, but it must be accompanied by data
I started to pay attention to the direction of the EMA. If the EMA 50 is down and the price bounces from there, then I look for a short entry. I use RSI to see overbought/sold conditions, but it is not the main benchmark.
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š Evolution: Creating My Own Strategy
Now, my strategy is clearer:
Follow the direction of the 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 ā to lock in profits
SL is mandatory, even if it's far.