Don't look at indicators or news! I only rely on position + stop loss, turning 4000U into 28000U in 60 days... Many people start off on the wrong foot.
In the past two months, I have hardly researched any new strategies. I even rarely look at indicators.
I only do two things: control position + execute stop loss.
It sounds basic, but very few actually do it.
The common reason many people lose money is actually quite uniform:
Out of control position + ineffective stop loss.
I later simplified the rules to the simplest form:
First: Fixed risk for each trade
No matter how certain the market is, the loss on a single trade is limited to a small portion of the account.
Second: Think about how much to lose first, then decide how much to open
It's not about how much to earn, but first calculating the worst-case scenario.
Third: Stop loss must be executed mechanically
No changes, no delays, no averaging down.
Fourth: Only gradually increase position size on profitable trades
When making money, gradually accelerate; when losing money, immediately retract.
The result is straightforward—over 60 days, the account grew from 4000U to 28000U.
Only after reviewing did I realize:
The real difference comes not from how precisely you enter, but whether you can survive long enough to wait for the right trade.
Many seasoned traders eventually understand:
Controlling losses is itself a form of profitability.
As for the combination of position ratios and stop loss distances that I use now,
there is actually a very critical balance point.
Most people do not lack understanding, but are stuck on this detail.
#ETH #SIREN