niboer
@9952
As a trader or analyst, the worst thing that can happen to you is to abide without restraint to your very own ideas. It’s an art, a delicate (experienced) balance. Have conviction on your plan with a strong heart, BUT loose enough that your bias is wise to see CLEAR signs for an opposite movement happening right before it unfolds. Not in hindsight… One way to mitigate this as much as you can is to UNDERSTAND what is the absolute best possible R:R for any direction. - I.e.: Bitcoin at 73K for shorts, Bitcoin at 49K for longs.
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