Is there a stop loss for every transaction as planned?
Have you ever had the mentality of taking chances and not setting a stop loss?
Once you feel that you have 'understood a deeper logic', you will give this trade special treatment, and the stop loss will become invalid (the stop width exceeds expectations or you directly abandon the expected stop loss).
Unwilling to admit that this trade is just an ordinary setup.
So what is a setup?
1. Market background OK
For example: emotional market / new coin listing / CZ call / daily support.
2. Price position OK
For example: retracing to a minor support level, breaking through previous highs, retracing to EMA20.
3. Trigger action OK
For example: a 5-minute re-breakthrough, an increase in volume, or a certain candlestick pattern appears.
4. The risk and exit methods are clear
Where to place the stop loss, where to set the target, and roughly how many R to expect.
Without this, it cannot be considered a complete setup, it's just an idea.
As long as these four are in place, it is a 'setup'.
What you are entering is actually a normal setup, but you treat it as a 'privileged setup' because you think you understand it better this time.
This will distort risk control.
A setup is 'a trading scenario that I acknowledge and can repeat'.
# Trading Notes
