The first day of trading often gives adrenaline and a mix of 'successful' and 'not very' decisions. The second day is really a time to learn. After observing the movement of $FOLKS (or another asset) and its behavior yesterday/today, I highlighted several key mistakes and compiled a clear plan to correct them.

The main mistakes I noticed

  1. Emotional entries on 'raise' — bought during sharp price jumps, fearing to miss the rise. Result: high risk and lower chance of a sound exit point.

  2. Lack of a clear stop-loss — either set too far away or not at all. This leads to larger drawdowns or panic decisions.

  3. Overtrading — excess positions more than necessary due to the feeling of 'must be in the market'.

  4. Ignoring liquidity levels/order book — did not check large orders and did not see zones where I could be 'shaken out'.

    Plan for working on mistakes (realistic application)

    Clear rules for entry and exit

    — I define 2-3 working strategies (scalp, swing, positional) and stick to only one per session.

    — For each position — mandatory stop-loss and take-profit (risk/reward ratio ≥ 1:2).


    Control of position size

    — Risk per trade no more than 1-2% of capital. If the stop is hit — I do not automatically increase the lot.

    Checking the order book and volumes

    — Before entering, I look at the market depth: large orders, strange clusters, anomalies in volumes. If there is a large absorbing order — I refuse or approach with caution.

    Patience and discipline

    — Missed 'rocket-move' is not a failure — it's preserved capital. Waiting for confirmation: retest of the level, increased volume during the rise, MA crossover.


    Trading journal and analysis

    — After each session, I write down: why I entered, what went wrong, what I fixed. After a week, I analyze the patterns and adjust the rules.

My checklist before entering (5 points)

Clear reason for entry (signal).

Stop-loss and take-profit are set.

Position size — ≤2% risk.

Review of the order book/volumes.

Plan for unforeseen news.

Trading is not about always being right. It's about minimizing losses, maintaining discipline, and constantly improving the process. The second day of trading is the perfect time to implement small rules that will make your trading more resilient over time.

Start with one point from the plan and practice it for 5 consecutive sessions — you will see how results and psychological comfort change.

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