GM Fam,
Last week was another successful one trading, hopefully for the majority of you too.
On the 14th of August:
End of Off the Charts competition Day 2On the 21st of August:
End of Off the Charts competition Day 10 I trade $BTC daily (100x leverage)
I post a new article every week, and I'll update that post multiple times during the day.
Every day of the week.
So, for those of you that opened my weekend update.
I tried my hand at trading and not just scalping, lost some by minding the position for too long and got stopped out yesterday in the lower liquidity manipulation that occurs on Sundays, but recouped it soon enough when I reverted to scalping.
My scalping philosophy is that you must be vigilant, scalping is like driving.
Max leverage requires max attention.
The main take aways that dawned on me last week was that every time that I realised a loss was due to my own capitulation…the decision to close a trade in the hope to stop the bleeding only to see price rebound and hit the former TP.
Midweek I decided to trade without stops, always using a small portion of my portfolio to keep the liquidation zone far away. Scale into your entries and only resort to a stop loss on your last order.
The tides quickly changed.
Current ranking…
