My analysis failed and hit Stop Loss.
So what was the problem that caused it to hit Stop Loss instead of Take Profit? The problem was that when I analyzed the coin, the candlestick showed that the trend was in an uptrend. I usually use two more indicators as confirmation, but this time I became aggressive and refused to follow my trading rules. That is what caused my analysis to hit SL.
Whenever you trade and your trade hits SL, and you refuse to check what caused your analysis to fail, it means you are not going anywhere. This is because you didnât identify the problem so you can solve it and prevent it from happening next time.
If you want to remain a long-term profitable trader in the market, you must always review your mistakes and learn from them.
Always DYOR đ€đ