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All moments › 🚨 I MESSED UP BIG TIME!!! (NEVER DO THIS) | I Lost THOUSANDS Trading Bitcoin + BTC TA Update

Opened new trades missing key element: valid take profit targets, only had entry and stop loss.

From 🚨 I MESSED UP BIG TIME!!! (NEVER DO THIS) | I Lost THOUSANDS Trading Bitcoin + BTC TA Update · jumps to 3:39 · speech

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And so the following day, I opened up a long trade that was actually not a bad trade to take. But I didn't approach it the way I should have. Every trade that you take needs to have three things. Every single trade you take needs to have a reason for the entry, a place to get out if it goes against you, and a place to get out if it goes for you. Now the problem I made with taking these series of trades after accidentally closing my long, was I had two of the three things correct. I had a valid reason to take a trade. I had a valid risk, but I didn't have a valid take profit.
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