Little Greens Losing Money Recap Notes

The biggest mistake was making predictions to resist selling orders.
It’s because the day before, I traded Rave with big fluctuations and lost a lot, which led to today’s Ethereum floating loss—so I didn’t think I could hold out more and be able to withstand bigger dips.

I went long on Ethereum at 2360. Back then, it was already above the middle band and within the upper and lower bands for a pullback. Short-term it was a downtrend, but long-term it was bullish. Still, yesterday I was in floating loss the whole day, and I kept resisting selling orders.

When I first entered the market, I didn’t resist selling orders. I only traded floating profits and floating losses, and the take-profit levels were set very high—plus I always traded within the trend.

Finally, I understood that line: You can be right many times, but one failure can take you back to zero.

Insights
In the future, trading strategies should only be done when there is a trend and market conditions. Follow the trend. Don’t make predictions. Not resisting selling orders is the way to stay alive. If you get stopped out with a 10%-15% loss, just leave.