Losing trades are just part of the process of trading. Acceptance of them is an important part of your trading journey. My losing trade on Bitcoin was a trade where I had done everything correct, but the trade didn't play out as I would have liked.
This was a breakout trade and a bull off the 200 period moving average strategy trade at the same time. In relation to breakout, if you look to the left there was clear resistance at around US$ 67705 and then a candle was then printed, which happened to be at the 200 period moving average level.
I was happy with this trade because I did take it when it matched my rules. The price action did actually continue to move to the upside but then fell back down to the downside and took out the stop loss at the level that is shown in the chart.
There is a question mark as to the volume as although this was both a breakout and bull elephant bar off the 200 period moving average, it was not accompanied with a volume spike. The volume had certainly started to show a general increase but on the break candle there was nothing definitive for that specific candle.
The resulting loss was as follows:
Trade Clearly!
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