1- DCA into a key high timeframe zone 2-DCA into a losing trade
And let’s be real… most people are doing the second one. Adding more to a losing trade just hoping price gives a small bounce so they can exit at breakeven. That’s not a strategy… that’s just coping. If your mindset is “just give me a small bounce so I can get out,” you’re already in the wrong trade.
A good trader doesn’t think like that. They have an invalidation and once it’s gone… they’re out. No emotions. No ego. No “let me add one more time.”
DCA sounds smart but honestly DCA is not for traders. It’s for investors who can sit through drawdowns.
As a trader your job is simple: Protect your capital and move on. Don’t try to save bad trades. Just cut it. The market will always be there. Your capital won’t.
People pay too much attention to lower timeframes and flip their biases on every red or green candle, I don't. I prefer to pay focusing on higher timeframes and try to catch 1 big moves rather than chasing 100 small moves on the lower timeframe
I am not really concerned what's going on on the lower timeframe, My eyes are on that range breakout. Assuming that this breakout is legit i expect the price to trade higher. Once price drops back inside the break i will flip bearish.
Patience is the silent strength of a successful trader. The market doesn’t reward the most active… it rewards the most disciplined. You don’t need to be in a trade all the time. In fact, forcing trades is where most of the damage happens. Make a plan. Define your levels. And then do the hardest part… nothing. Wait for the market to come to you.
Because the real edge isn’t in clicking buttons, it’s in knowing when not to.
It’s been over a month since I entered this trade.
I can’t tell you how many times I almost gave up on it. The price action was choppy, and every other day there were war headlines making me want to press that sell button.
But I didn’t do anything. Just trusted my setup and let it play out.
Now the trade is sitting in good profit.
Times like these are a real test of your patience and your edge. The market will test your conviction before it pays you.
Bitcoin is holding relatively stronger than commodities and Stocks. Lets just dive straight into the charts and discuss. BTCUSD (Weekly)
I have been sharing this Bitcoin weekly chart in almost every update, saying that we need a weekly close above $71,200 because Bitcoin has been failing to hold above this zone. And now, we finally have that close. What's next?
Keeping it simple: as long as the weekly candle doesn’t close back below $71,200, we can expect some more upside, potentially into the $77k–$78k zone. I don't want to have bigger targets because overall we are still within a downtrend. What if this is a failed break? We have to consider the scenario where this turns out to be a fake-out, like every other time since Bitcoin flipped bearish.
If that happens, well… we simply pack our bags and let the bears have their fun. BTCUSD (Daily)
Price is above the range once again. Trusting the chart once again (because we are dumb). As long as the daily chart stays above $70,500–$71,200, we can expect the price to continue moving up towards the target we discussed above. Where should i enter?
Personally, I’m not looking for any new entries, as most of you know I’ve been holding a Bitcoin trade for over a month now. I see $71,500–$72,200 as a good lower-timeframe zone. If the price gives that pullback, I think you can look for an entry there.