Drawing a straight line on the chart is easy, but actually placing an order is always hesitant.
Why is that? Many people think it's a technical issue, but it actually boils down to mindset.
Staring fixedly at the first breakout opportunity, afraid of missing even a small profit. As a result, they get repeatedly fooled by false signals and are forced out. When the real trend unfolds, they lack the courage to jump in.
For traders, there's a more reliable approach—don't rush to chase the first breakout, but wait for a second confirmation or even a third test.
**Step 1: Identify Key Structures** Where is there obvious support or resistance? Where are the trend boundaries? Anchor your trading plan at these points and avoid unnecessary moves.
**Step 2: Only Participate in Pullbacks or Rebounds** Don't jump at the moment of breakout; wait for the market to come back and retest that level. Once confirmed as valid, then follow up.
**Step 3: Use the pattern itself for stop-loss and take-profit** Set risk and reward boundaries based on the high and low points of the structure.
The benefit of this approach is—when you're making profits, you know why; when you're losing, you accept it calmly. Every trade is justified and well-founded.
For friends aiming for consistent and stable positioning, this logic can serve as a reference.
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NFTRegretter
· 9h ago
Well said, but execution is too difficult... I always hold on to that first breakout moment, but end up getting cut so badly.
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WhaleWatcher
· 9h ago
That's right, chasing the first breakout is really an art of losing money. I've seen too many people get cut like this.
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WagmiAnon
· 9h ago
Well said, chasing the first breakthrough really is like making money. I've done it before too, and it was a bloody lesson.
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OldLeekConfession
· 9h ago
Honestly, what I fear the most is the moment when the first breakthrough is achieved and then it gets crushed back down.
Drawing a straight line on the chart is easy, but actually placing an order is always hesitant.
Why is that? Many people think it's a technical issue, but it actually boils down to mindset.
Staring fixedly at the first breakout opportunity, afraid of missing even a small profit. As a result, they get repeatedly fooled by false signals and are forced out. When the real trend unfolds, they lack the courage to jump in.
For traders, there's a more reliable approach—don't rush to chase the first breakout, but wait for a second confirmation or even a third test.
**Step 1: Identify Key Structures**
Where is there obvious support or resistance? Where are the trend boundaries? Anchor your trading plan at these points and avoid unnecessary moves.
**Step 2: Only Participate in Pullbacks or Rebounds**
Don't jump at the moment of breakout; wait for the market to come back and retest that level. Once confirmed as valid, then follow up.
**Step 3: Use the pattern itself for stop-loss and take-profit**
Set risk and reward boundaries based on the high and low points of the structure.
The benefit of this approach is—when you're making profits, you know why; when you're losing, you accept it calmly. Every trade is justified and well-founded.
For friends aiming for consistent and stable positioning, this logic can serve as a reference.