Siddharth Giri

🚨Biggest #Trading Mistake🚨

Suppose you start trading with $1000 and you decided to risk 5% ($50) per trade.

You open a trade after confirmation but the trade hit stop-loss. You open another trade after confirmation but this trade hit stop-loss again.

After two continuous losses, your balance is $900 & you start panicking & your mind forces you to take the wrong decisions.

Now you start thinking about recovering your losses instead of making a profit & to recover the loss your mind forces you to open another trade.

You open another trade without confirmation & this time you take a higher risk because your mind is forcing you to do so. The trade hit stop-loss again.

💔Your mind keeps forcing you & you keep doing the same mistake again & again & you end up with a $0 balance after a few more trades. #BinanceTournament

Stopped Out ❌️

Three Losses in a Row again.

This PA is very difficult to trade. 70k was a very good area for the bounce but it didn't. Then 67k is mid-range, which was also a good area for bounce but again it didn't.

Looks like every bounce is a short opportunity.

$BTC - Trying This Long.

This one is risky because buy pressure is very low, but it has created a bullish RSI Divergence in the H4 chart, which is a good sign for a long position.

If it doesn't hold here, #BTC is going to 65k and Lower.

$BTC - Stopped Out ❌️

The initial reaction was good, but failed to hold H4 FVG.

$BTC - Currently in H4 FVG and 70.1k is also Monday-High.

If #BTC is bullish, this area must hold.

$BTC - Stopped ❌️

$BTC - Trying This Long with Low Risk.

If this fails, retest of 70.5k and 69k is possible.

$BTC - Cancel Limit Order.

Price bounced without filling.

Weekly Open was a good place to Long but I was trying to get a better entry which is why I missed this one.

$BTC Limit Long Setup.

$BTC Short - Stopped Out ❌️

$BTC Short.

I think down before up.

$BTC Short ✅️

It can still go down but I closed here for 1.5R profit.

$BTC Short.

This one is risky because of the monthly close and the weekend.

I closed this $BTC short for a small loss after the price closed above Monday High but the trade eventually reached the Take Profit.

Closing this for a small loss because price claimed above the Monday High.

$BTC - Short Setup.

Rejecting from Monday's High, so I expect a retest of the previous weekly low.

Stopped Out. 3rd Loss in a Row. 🥲

$BTC - Trying This Long.

Reason: The price is consolidating above the Monday high, so I think it will bounce back to 70k.

❌️ Stopped Out Again.

Previous $BTC Trade Stopped Out so trying this new short setup.

Reason: Rejecting from PWL and This area is also supply in H4.

If price drops, first TP is Monday-Low.