It's not about being right or wrong. It's about how to capitalise it when you're right and how to minimise your loss when you're wrong.
Long Scalp
SL: 0.584 Tp 1: 0.61 Tp 2: 0.615
Let's see how this plays out.
Long term bullish on $CRV . One long red candle then green all the way to July most likely.
Try to âteachâ your trading strategy or plan to someone. Â If you canât elaborate on it so someone else can do the same thing you are doing then you have to take a step back. Â Figure out what you need to do to be consistently profitable so much so that you could make a YouTube video on it and others could copy it. Â Otherwise you are just trading on intuition which usually results in breaking even or a slow erosion of your capital.
Strategies never work 100% of the time. What Will make you profitable is how you handle the bad days. It's all in risk management on how successful you will be. Some traders won't do a thing in periods where their strategy won't work others figure out a secondary strategy for those time periods. The market doesn't care about your strategy. It does what it wants. You have to adapt to it.
It takes a man a long time to learn all the lessons of all his mistakes. They say there are two sides to ev