March 28, 2024

TSLab company blog | How not worth trading !!

On Monday I announced the channel on air, and it is quite narrow, but it took a long time to bargain, accumulating largevolumes. Accordingly, each time approaching the channel border, there is a greater chance of breaking it.

Realizing this, I reduced my trading volume tolong, placed an order a little further from the channel, expecting its “false” breakout. At the same time, I did not exchange lots for shorts, assuming that after good growth there should be a small, but still pullback. But the price approached the short less each time. Therefore, it was decided that since we are no longer growing, then there may be a sharp jump later and pushed the order for shorts in full to the far range of the channel at a price of ~414.

Being busy with other things and not looking at the market - since I had everything laid out - what to monitor…
TSLab company blog | How not worth trading !!

So. Mistake number of times - the stops were not screwed in and the price, having failed, took the position at a loss. Sooooo good loss. Such a deal should be closed immediately, because if you think that the price will grow anyway, then buy it cheaper - no problem. No need to feed the moose. But I saw the situation too late, the market was already moving in a growing sideways direction, therefore, it did not change anything. Further, despite the fact that the cue ball is growing, I thought, well, figs with it, either it will reach the take, or just the stop at 395 will look good.

And, I repeat, after telling whatit would be good to average because in general everything is growing and blah blah - no. This will not happen. In fact, I haven’t averaged out and I won’t tell you, based on what has already happened in the market, how it would be good to do something there if there was a time machine!

With the understanding that a stop is needed, I screwed it on. Today I managed to catch a long again in exactly the same situation.
TSLab company blog | How not worth trading !!

In my opinion, the situation on the market has not changed.I still expect the market to grow a little more at first. That is, now I’m not trading a directional movement, but a “sideways” trend, albeit a rather sweeping one. The price dropped sharply and slowed down a bit. Further, the price will easily reach the level of the previous trade of 395, where there was a lot of sideways action. Honestly, I initially expected that there would be a first quick decline with a long tail to the level of 398 where the order was placed, and the price would quickly rebound, and the second time I would have placed an order at 395 expecting the price there, but the market decided to move differently), ok, we don’t argue with it, the stop in the example is already slightly below this price.

At the moment, while I was writing an article, juststop loss was said!) I would like to add that the size of the stops may be greater than the potential profit - only because such transactions are with a small volume and the risk is not large.
But the level is very saturated with volume. Therefore, I’m waiting for the next wave of rebound - and we’ll continue to look for new entry points.
Download script with stop
P.S. A small update - the upcoming webinar with Binance will be at 18.00 on Thursday, and not at 19.00 as previously expected.
Using TSLab for trading on binance, okex and lmax - free www.tslab.pro

P.P. with update on deals
TSLab company blog | How not worth trading !!