How to improve your trading discipline? đž
Hereâs a psychological trick I like to use đ
Instead of jumping into a trade and placing a stop-loss at your invalidation level, try placing your limit order where you would have placed that stop-loss.
đ§ This often works because thatâs where other traders are getting stopped out. When their positions are liquidated, it often creates a wick, which gives you a much better entry point.
đŻ In this SOL chart, many were tempted to go long on the double bottom at the $116 support level (blue). But the smarter entries were below $100, where many traders had their SL in place (green). Thatâs where you buy a long squeeze.
Many people rush to open more trades. But, in reality, you need fewer trades and better entries. Let the market come to you â good patience pays off âïž
