Hello Folks,
Have you ever had a series of losing trades? In the sense that you go in one direction and the market turns in the other direction. You try to quit the trade and enter again only for the market to revise in your previous position or you have had a series of losing trades that you start doubting your confidence in analyzing trade.
Can you share your experience of how you were able to put up courage and come back to trading? I will also want to inquire what action should somebody take if he/she finds himself in that position.
If you want to win crypto trades, put it in mind that the trend is your friend, don't disobey the gravity of major traders when the market is moving in a direction, you will lose everything if you repeat that patter over and over, make the trend your friend and you will have instead minor losses which is a normal thing or process km trading.
I don't have much experience about loss but there was a time I was trading and following a set up by one trader, the chart was bearish, even a common trader will know that the market was signaling downward way but all of sudden, the market pump and results in loss that gave me negative pnl, i wasn't happy throughout the day because I feel it was manipulated. However, I learn something that day about crypto trading, it's always better to be bullish all the time than bearish unless something bad is actually affecting the crypto market.
You said it is always better to be bullish that's the lesson you learned in the crypto market. I know that the crypto market has many dynamics but I have not come in terms with the point you mention Can you elaborate on this point?