Learn to accept getting Stopped Out

28 thg 7, 2020

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BTC movement
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The target of $10,800 was hit yesterday. Let’s wait for next swing trade setup to emerge itself. I will not consider to chase the price now considering there are resistances right above the current price level.

My long-term positions bought @ $7,000 is still holding, there is no reason for me to take profits now, considering the market just broke 3 months of consolidation. You can only maximise your gains if you understand how market cycle works.


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Learn to accept getting stopped out
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In the past 3 months I have provided you a total of 4x swing trade setups on BTC, 2x got stopped out, 2x hit target, with just 50% win rate.

Despite the win rate is not ideal, the latest trade has provided me with a roughly 10:1 risk reward (link below). And the previous winning trade gave me a roughly 2.4 rr. Ultimately, a total of 10.4 rr (10 + 2.4 – 1 – 1) in the past 3 months. And all these, are only gains from swing trade Bitcoin, not to say the gains from BTC and alts investment positions were way more.

Many traders are afraid of getting stopped out, and as a result, they put SL far away or even without it so they never have to deal with the fear of getting stopped out not knowing, this is the exactly why they cannot make profit consistently in trading. Whether you are a novice trader or a professional trader, the most likely win rate that you can possibly achieve in the long run is roughly 50 – 70%. And if you have a 1:1 risk reward on average, you can hardly make any money unless you have considerably amount of capitals. And this, is based on the assumption that you can achieve a better win rate than 50% (if you have yet seen my Risk management series, I have attached them below). For the above reasons, don’t be afraid of getting stopped out as you can only survive in trading by accepting it.

In addition, in the trading world, it’s about mastering one skill than engage with ten skills. Don’t try to learn everything and all the indicators. 💥 What’s important is – have you mastered that one skill?

The best example is that I have given you 3x trade setups based on trendline (links attached below👇🏻). All these 3x trade setups were almost identical by using JUST trendline, without any indicator or volume-price analysis. This is interesting, the same patterns are repeating themselves over and over again all because human nature never change. When you can find the trading system that gives you a consistent and high risk reward outcome, then you are not far from prosperity. Just these 3 trades have given me roughly 22x profits💪. Not only the trendline, remember my predictions using 2618? Amazing profits as well (I have also attached the articles below)

To sum up, if you can master a trading system, even if it’s just a trendline or support/resistance can give you consistent profits.

1st Trendline trade👇🏻

2nd Trendline trade👇🏻

3rd Trendline trade👇🏻

1st 2618 (details in the Updates section)

2nd 2618

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🔥 Risk management series:🔥

• Chapter 1: 1% rule
• Chapter 2: How to calculate position size?
• Chapter 3: The Sweet Spot
• Chapter 4: Scalability