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I just opened a short position on Bitcoin. Will I make a profit this time, or will I again earn 2000-3000 points only to be reversed and hit my stop-loss?
Short at 72600, currently floating with a 1000-point profit.
Honestly, I always lose because of greed and overconfidence. Many people take profits after a 1% move of 1000 points, but I’ve always been a trend trader, typically losing 8 out of 10 trades, yet making back the profits with 1 winning trade that covers 12 losing trades.
However, the bear market’s consolidation has caused me to give back a lot of the gains I made during the bull market.
Recently, I really should improve my trading approach. I’ll make a slight adjustment: close at 66500, originally planned to close at 62300.
#BTC $BTC