What do u think I did wrong?
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Nothing wrong with the trade. The odds played out as they should.
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Donāt frame it as being wrong. Losses are a part of the game.
You could improve your odds by using market structure to your advantage for placing your stoploss.
Making sure that the bulls are in control before buying into an unmitigated supply zone would also be helpful.
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how do you know itĀ“s unmitigated?
It was not retested or traded back into until your trade.
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Why do you keep assuming you must have done something wrong, if a trade loses?
It is simply wrong analysis which may happen time to time. Try to take a lesson from your mistake and move on. Learn to take losses as valuable lessons and how to mitigate pain from money loss
No, it isnāt. Itās just a losing trade. It doesnāt mean any analysis was wrong. No system gives only winners.
Your thinking is as misguided as xtreme28ās. Why do so many people keep assuming there must have been a āmistakeā because there was a losing trade?
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Trade entry is the least important metric in a trade. Get past that and realize a 5:1 will lose most the time.
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If you trade with an R of 1:5, thereās a 50% chance that your first few hundred trades will include somewhere a sequence of 30 or more consecutive losers, and thereās a 25% chance that theyāll include somewhere a sequence of 36 or more consecutive losers.
This is the inescapable mathematical reality.
Iāve never seen or heard of a retail trader being profitable with an R of 1:5.
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Do you think that 1:5 is good reward ratio? Or there can be better ratios like 1:2 or 1:3? I still canāt decide which one is the best?
Three candle bullish pattern
Needed to be swallowed first
The losing streak alone will kill an acct
There is no ābestā or optimal R:R.
Instead of a 3:1, how about a 1:3ā¦ Thatās what your counterparty is using.