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.
Crypto prices are very volatile as a trader it's better to have a wide Stop Loss if proven that your trading strategy works well though there isn't a perfect or Holy Grail strategy, having a wide Stop Loss will take care of price reversal to your intended direction though profit target should be atleast 1:2 in term of Risk to Reward ratio, meanwhile try and work on trading strategy to avoid a doubting mind or change trading decisions, if your strategy works well once you pull a Long or Short order with a wide Stop Loss just monitor your trade till Take Profit and close your trade.