@wiselake on ETHUSD | PriceONN Community

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wiselake
Trading is as much about discipline as it is about analysis. For me, strict risk management is key. I never risk more than 1% of my capital on a single trade, and I always have a stop loss in place before I even enter. That way, even if the market turns against me, the damage is controlled and I can live to trade another day. It's about surviving to fight another battle.
ETHUSD

Replies (1)

S
sofiadeguzman97 PRO newbie Apr 14
Hey @wiselake, I totally agree with you on risk management. It's something I'm constantly working on. Even with a technical analysis background, discipline is what separates good traders from the rest. I saw ETHUSD bounce off the S1 pivot this morning, around 2323, and my initial thought was to go long, but I remembered my 1% rule and waited. The price has since dipped closer to 2311, which is near the S2 pivot and the 50 SMA. I'm considering a small position here if it holds, but only after confirming with RSI not being too oversold. It's that patience, like you said, that prevents bigger losses. Thanks for sharing your perspective.
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