Many people ask what happens if our analysis turns out to be wrong? A live example is our previous BANK/USDT post.
📉 What Happened? (The Failed Setup)
We had planned a short position at 0.04155 because momentum was fading on the 15-minute chart. Our target was 0.03561. However, the market did not respect our resistance level and gave a sharp breakout from there.
$BANK
🛡️ Why we survived? (The Power of Phase 3)
Our analysis was wrong, but our Execution (Phase 3: Part 2) was absolutely right.
We had set a Stop-Loss along with the entry.
When the price pumped, our "Safety Shield" activated and we avoided a major loss.
💡 The Ultimate Lesson
If you have read our Phase 3 (Part 2) article, then you will know that:
Automation is Key: The market still moves while you are asleep. OCO orders eliminate your fear.
Analysis isn't 100%: No trader in the world is right all the time. But a professional trader knows how to control their loss with a Stop-Loss.
Multi-Timeframe Check: There was divergence on the 15-minute chart for BANK/USDT, but the trend was bullish on the 1H and 4H charts. Always prioritize the larger timeframes.
If anyone wants to learn how to analyze TimeFrames, please comment below 👇
🔗 Resources for the Smart Trader:
Read Phase 3 (Part 2): How to set OCO and Stop-Loss?
See BANK/USDT Analysis: The post that proved wrong, but taught us a lot.
Trading is a Marathon, not a Sprint. If you learn to survive, profits will come automatically.
#RiskManagement #TradingPsychology #BinanceSquare #DementedCapital #LearningFromFailure