BTCUSD Trade Review
Entry Reasons
- Break of Inverse H&S neckline @ 6800
- Clear stop level @ ~6663 (4 Hour higher low)
Buy 6800
Exit 50% position @ 7000
Exit 50% position @ 7400
Exit Reasons
- Fear of losing profit
- Extreme overbought conditions
Lessons Learned
- Trust your stop to manage trade losses, not fear
- Scale out of trade less aggressively
- Hope for bigger gains (let winners win)
- Break of Inverse H&S neckline @ 6800
- Clear stop level @ ~6663 (4 Hour higher low)
Buy 6800
Exit 50% position @ 7000
Exit 50% position @ 7400
Exit Reasons
- Fear of losing profit
- Extreme overbought conditions
Lessons Learned
- Trust your stop to manage trade losses, not fear
- Scale out of trade less aggressively
- Hope for bigger gains (let winners win)
Disclaimer
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