I opened the short position. Why did i open short position? I opened the short position because the fast moving average crossed the slow one
Sounds like a plan. Where is your stop? What triggers an exit? Mitch Ray - https://www.youtube.com/@MitchRayTA/streams
I opened position when price was 29280. My stop loss will work when price will be 29900. If I fail to catch the trend, i wiil close this position, when i see that trend is turned around. If i can catch trend i will follow with him
Have you gone back to look at a dozen entry triggers that fit your plan? What kind of P/L did they produce if the plan was followed correctly?
I looked the bitcoin chart from the beginning of this year. I realized that it is necessary to reduce losses as much as possible, and when it is possible to catch a trend, increase the position size.
That sounds like you are perfecting your art. https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706
If you have a solid trading plan, then good trading is nothing more than following your TESTED plan. Is your plan tested?
Having and edge and managing risk are most important. Self belief if unwarranted... well I hope so not believe you can fly if you jump off of a tall building. Posting your thoughts may help you understand your situation better so I hope you keep posting.