Yesterday I had a green day in the market, but feel many ways about it. I locked into the supernova $ABIL, and was terrified to hold onto it, because it felt like a blind trade. Hindsight is 20/20 because it took off, and my punishment for my uncertainty was to watch it take off without me.
Yesterday brought about an epiphany about my support, resistance, and fib levels. I spent my day scouring charts, recent supernovas, spikers, and other momentum gainers. As I was looking back and forth through what seemed to be endless tabs of trading view charts, something in my mind just clicked. I saw what seemed to be my profound "AHA" moment.
I took my findings and compared them to all the recent charts that I could find, developed a theory for my entry and exit strategy, watched them play out...and decided to put it into practice today. My results were...profit. I focused purely on the candles and trends, and pushed the idea of profit into the back of my mind, as my ability to assess price action should result in direct profits - so it doesn't bother me anymore.
I'm quite excited for what tomorrow has to offer. I'm moving my risk to 2%, and am sticking to the patterns that I have found most reliable. I find taking my entries during breakouts, and into the pullback has been working wonders for me.
Last week I won 4/6
This week thus far 4/4
Happy trading!
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