one of the biggest risk in trading is we lost our mind and selfcontrol . This usually happen when we stick our eye one trade not big picture, long journey. can't not wait for for the right set up .
In trading, there are 4 skills that a trailer needs to practice to be able to do consistently and long term. 1. Wait for market confirmation (wait for money accumulation) then enter the order but must enter in the form of waiting for order matching. 2. Account risk, at a recoverable level compared to R-R (Kelly formula) 3. Patiently wait for the market to match the position 4. Patiently wait for the market to inhale TP. If you have a little profit and close the position, in the long run you will lose money.
The mentality of wanting to get out of trouble, the mentality of wanting to set goals, are things that can easily lead you to fall into a state of constantly opening orders that are too large, regardless of the rules. Trading is not a real-life job that requires effort to achieve. Money in trading is patiently waiting for the market to give you the opportunity as set up initially, not trading.
This is the price behavior at the bottom when the market adjusts to continue going into an uptrend. When the market has created a support wave as shown, you can enter a long order #BinanceVietnamSquare