My Trading Journal #3 (2023–12–15)
Disclaimer: The information provided is for educational purposes only and is not intended as financial advice or as a recommendation for any specific investment or trading strategy. Markets can be volatile and investing in them involves a risk of loss. Always do your own research and consider seeking advice from a financial professional before making any investment decisions. Remember, past performance is not indicative of future results.
I am learning how to use Technical Analysis and I am going to share my results here. This is on “demo” so I am not earning or losing real money.
First Operation on BTCUSDT (1 minute chart): A Loss
I painted an uptrend channel and prepared a long. It was a loss as you can see in this chart:
Second Operation on BTCUSDT (1 minute chart): A Win
I use the 200 minutes simple moving average as a filter so the next operation should be a Short (the price is below the SMA):
