🔥 My $500 Mistake: The ONE Chart Indicator I Stopped Using (And Why You Should Too) 📉

Three months ago, I was convinced I had the perfect trading strategy. I had backtested it, and it looked flawless. Then I started live trading and lost $500 in a single week.

My biggest mistake? Relying on a popular indicator that gives tons of false signals in volatile markets. I'm talking about the Stochastic RSI.

Here's the honest truth about what this indicator does wrong and what I replaced it with for 3 winning trades in a row.

1. The False Signal Frenzy

The Stochastic RSI is famous for showing "overbought" and "oversold" conditions. The problem is, in a strong bull run or a sharp downtrend, it can stay overbought or oversold for days on end. It's like telling a fast-moving car to "stop, you're going too fast!"—. I sold a coin at its peak "overbought" signal, only to watch it pump another 50% without me.

2. It Doesn't Tell You the FULL Story

This indicator only measures the speed and momentum of a price, not the underlying market sentiment or volume. It's like checking a car's speed without looking at the road ahead. You're flying blind.

3. What I Use Instead: The Simple (But Powerful) Combo

I simplified my entire approach and found a far more reliable method. Now I use a combination of these two things:

* The RSI (Relative Strength Index): The classic. I use this on the 4-hour and daily charts to identify genuine momentum shifts. It's slower, but far more accurate.

* Volume Profile: This is my secret weapon. I don't just look at a coin's price; I look at where the most trading volume occurred. This tells me where the true support and resistance levels are, not just what a moving average says.

By combining the bigger picture from the classic RSI with the "smart money" insights from Volume Profile, my trading has become more precise and less stressful.

What's your biggest trading mistake? Share your story below! 👇

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