Crypto Trading Journals #2 -$1.66 loss

Crypto Trading Journals

Crypto Trading Journals Trading Diary

I traded WAVE.
I thought I refrained from trading too often, but when I pulled out the data myself, it seems that I traded too much.
Looking back at the trading history, most of the stop loss was good, but when the stop loss was late, the loss was large.
Losing a hand is still too difficult. If you hold too tight, only stop loss + trading cost will be incurred, and if you hold too long, you will lose a lot.
So, first of all, I set the stop loss to about 10% and try it.
I had to carefully select the position, but looking back, I think I just grabbed it too quickly.

I downloaded and checked my previous data to see how I traded in the past.
Looking at the previous data, the trading itself was very small and the holding time was long. This seems to be the case when looking at the time series broadly.
I didn't even look at the 1-minute bar, but I traded after seeing the 4-hour bar and 1-hour bar.

BTCUSDT trading data

Looking back at today's trading compared to before, I wonder if I took the position too soon because I thought I needed to be seeded quickly.
To use support and resistance, you need to confirm that you are receiving support or resistance and then take a position.


Crypto Trading Journals Trading Data

How Crypto Trading Journals Trade

Find support and resistance on the chart, buy or sell near support and resistance and then profit.

Crypto Trading Journals Trading Review

Instead of getting support around 2.075, short bet thinking it will break hard. And I wanted to break the support line, but it immediately rebounded strongly.
It happened too suddenly, and maybe it was because I couldn't admit that I was wrong, but I couldn't admit it and even though I threatened the critics, I didn't respond and eventually went down to -20% in an instant. I was about to stop loss, but the overall picture was short, so I persevered and made a stop loss at the -5% line. As a result, I endured the loss well, but it is still too difficult to know how to respond in this case.

Crypto Trading Problems I identified

  1. It was said to use support and resistance, but there are quite a few cases where the position is not on the support and resistance line side.
  2. The stop loss criteria are not yet clear.
  3. I'm not sure if I'm looking at support and resistance correctly.
  4. There are quite a few cases of returning profits after enduring without being accustomed to it.

What Crypto Trading Did Well

  1. Attempting to Establish a Stop Loss Criteria
  2. Attempt to improve the trading method after objective analysis

Crypto Trading What to Improve

  1. Clarify the criteria for stop loss
  2. Avoid trading too often
  3. position carefully
  4. see the whole picture.

principles to follow

  • Establishment of criteria for stop loss.
  • water ride X
  • Leave seed to recover (only trade half of max total seed)
  • Don't think about how much you will eat, think about how much you will lose first
  • Practice only up to 200,000 won and 5 million won. Current (60/500)

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