My losing trades - 8 Jan 2025

An early hours of the morning trade on Bitcoin became my losing trade for the day. I was still in an over-trading mindset from the day before and that reflected in the quality of my technical reading.

I entered the trade after an indecision candle followed by 2 bullish bars where no downside wick on the candle as per my rules. I need to look at my rules again for entry to find another rule to better increase the probability of winning. For example I should have looked at the RSI to see if the price action was still deep in over sold territory or not.

This trade did stop out later and my loss is below.

The trade wasn't wrong according to my own rules but there is food for thought on whether these rules need adjusting.

Trade Clearly!