$XRP
๐ธ From Loss to Profit: How Price Action Changed My Trading Game ๐
Losing $50,000 in trading was a tough lesson, but it taught me a valuable skill: the power of price action. Here's how I recovered and turned my trading around:
๐ The Turning Point
I stopped relying on lagging indicators and noisy news headlines. Instead, I focused on pure price action and discovered the power of rejections at key levels.
๐ Key Strategies
- Bullish rejection at support: Look for bullish engulfing candles and long wicks showing price rejection.
- Bearish rejection at resistance: Identify shooting stars or dojis indicating hesitation and rejection.
๐ก What Changed
- My win rate improved
- My entries became more precise
- I stopped forcing trades and started waiting for confirmations
- I turned losses into consistent gains
๐ The Lesson
Price action never lies. By focusing on key levels and candlestick patterns, you can make more informed trading decisions. Trust the chart, respect the process, and you'll be on your way to breakthroughs.