I will make 100 % every month

[Sergeev S]

I opened the short position.
Why did i open short position? I opened the short position because the fast moving average crossed the slow one

 

[easymon1]

I opened the short position.
Why did i open short position? I opened the short position because the fast moving average crossed the slow one

Sounds like a plan. Where is your stop? What triggers an exit?

Mitch Ray - https://www.youtube.com/@MitchRayTA/streams

 

[Sergeev S]

Sounds like a plan. Where is your stop? What triggers an exit?

I opened position when price was 29280.
My stop loss will work when price will be 29900.
If I fail to catch the trend, i wiil close this position, when i see that trend is turned around. If i can catch trend i will follow with him

 

[easymon1]

Have you gone back to look at a dozen entry triggers that fit your plan?
What kind of P/L did they produce if the plan was followed correctly?

 

[Sergeev S]

Have you gone back to look at a dozen entry triggers that fit your plan?
What kind of P/L did they produce?

I looked the bitcoin chart from the beginning of this year. I realized that it is necessary to reduce losses as much as possible, and when it is possible to catch a trend, increase the position size.

 

[easymon1]

That sounds like you are perfecting your art.
https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706

 

[Sergeev S]

I opened the short position.
Why did i open short position? I opened the short position because the fast moving average crossed the slow one

I closed the short position. It is not good trading. Only losses

 

[easymon1]

I closed the short position. It is not good trading. Only losses

If you have a solid trading plan, then good trading is nothing more than following your TESTED plan.
Is your plan tested?

 

[semperfrosty]

That sounds like you are perfecting your art.
https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706

Some good stuff in that link.Thank you.

 

[777]

Hello.

I am a beginner trader. I will trade Bitcoin in Binance. I have 1660 dollars. I will write my entry and my exits in bitcoin. If you see any mistakes, please, write me.

I want make many money in Bitcoin. Every month I will make 100 %.

I think that in trading most important is emotions and self-belief. So, I believe in myself.

Having and edge and managing risk are most important.

Self belief if unwarranted... well I hope so not believe you can fly if you jump off of a tall building.

Posting your thoughts may help you understand your situation better so I hope you keep posting.