CriptoTheHellvix
--
Bearish
Never "hope": Hope is not a strategy. You need a plan and the ability to execute it with military discipline and precision. If you let hope seep in, you'll move your stop loss into a loss void or fail to take profits according to the plan and let it go on "a little longer".
Never buy resistance: Be patient and wait for the resistance to break! It either breaks or pulls back. Buying resistance is a rookie move. Wait for confirmation!
Never sell support: Be patient again! Wait for a breakout. Support is for buying with a tight stop loss, not for selling. Often, the urgency to sell arises just when something is at support - it's funny how that works.
Always cut losses: I wrote about this on Tuesday! The key to longevity is to cut losses quickly. You don't need to be right, you need to be profitable! Letting a loss drag on is a form of hope and is driven by the desire to avoid being wrong. Admit that your trade is an early failure often and move on.
Learn from every loss: Keep a journal! Review your losses and see why they went wrong. Could you have moved your stop a little lower and reduced your position size? Are you getting stopped out just before the price reverses repeatedly? You have to learn from your mistakes to avoid making them again.$TRUMP
Never buy resistance: Be patient and wait for the resistance to break! It either breaks or pulls back. Buying resistance is a rookie move. Wait for confirmation!
Never sell support: Be patient again! Wait for a breakout. Support is for buying with a tight stop loss, not for selling. Often, the urgency to sell arises just when something is at support - it's funny how that works.
Always cut losses: I wrote about this on Tuesday! The key to longevity is to cut losses quickly. You don't need to be right, you need to be profitable! Letting a loss drag on is a form of hope and is driven by the desire to avoid being wrong. Admit that your trade is an early failure often and move on.
Learn from every loss: Keep a journal! Review your losses and see why they went wrong. Could you have moved your stop a little lower and reduced your position size? Are you getting stopped out just before the price reverses repeatedly? You have to learn from your mistakes to avoid making them again.$TRUMP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
2
0