Trading Watchlist:
BTC
Start scaling into a BTC short (above) in accordance with the parallel channel and its monthly timeframe.
Learning Point
- The importance of making sure that I never trade with a feeling of the “Fear of Missing Out (FOMO)” as it will just programme my mind to continue trading with this emotion in the future. Instead, when feeling FOMO, I should deliberately slow right down, or ignore the trade all together, to ensure that I am conditioning my mind to always be at peace when trading.
- Today, I re-appreciated the common sense of scaling into positions using limit orders rather than having to check the charts frequently.
Next Action
- Scale into a BTC short position (using a limit order) as soon as possible.
- Deliberately, never trade with any feelings of FOMO.
- Re-install your Bitget trading account so that you can make a Bitcoin trade in accordance with its monthly timeframe.
