Build Confidence In Your Trading Strategy #cryptotrading
When things get tough after a few losses, new traders tend to change direction to avoid pain, and they keep going round and round, looking for the holy grail.
Rather than avoiding the pain, push yourself to stick with a strategy that suits your personality and understand why that strategy works.
You need to understand why your strategy will make you money. If you are doing 10 different things and you have no idea why is it making you money, you have to stop it. Because there will be a time soon when the same strategy will not make you money.
At the end of the day, you should ask yourself, will my strategy make me money? 💰
The answer should be yes, 100% and there should not be any doubt. If you aren't sure, then go back to charts and practice as much as you can because you don't have enough skills yet to succeed. You must have confidence. 😎 Even the best strategies make losses, but you should know the probability and risk-reward before you put money into the strategy.
Now, accept the reality, backtest, forward test, and improve your future. 📊📈