Review: The entry point was not well chosen. I should have confirmed the first 15-minute reversal signal and entered with a small position when the needle was inserted. During the pullback, I could add to the position. The stop loss should be placed above the previous trend's bullish candle closing price. This way, the stability can be improved. Entering at 85 with a stop loss at 80 and risking a pullback to the stop loss is too risky. It also requires finding a new entry point, which could affect my mindset. I still need to learn and practice.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Review: The entry point was not well chosen. I should have confirmed the first 15-minute reversal signal and entered with a small position when the needle was inserted. During the pullback, I could add to the position. The stop loss should be placed above the previous trend's bullish candle closing price. This way, the stability can be improved. Entering at 85 with a stop loss at 80 and risking a pullback to the stop loss is too risky. It also requires finding a new entry point, which could affect my mindset. I still need to learn and practice.