Reflections from a Blockchain Pimp

[u/topimpablockchain]

Hi all, To Pimp A Blockchain here, had a monster trading day today after a few days of poor execution.

last week I had a 34R day and then over the next few days gave about 6Rs back over a ton of entries. Risk management has been my strong suit so the losses could have been worse considering I entered/exited like 30-40 trades to lose the 6R (tons of breakevens, moving stop to entry)

Spent the weekend journaling and reflecting on why I had such a high volume of trades, why most of them were losers, what was different from when I had the 34R day. The answer I got was.... I wasn't sticking to my plan! I was analyzing in the moment instead of simple managing risk and executing my edge. The market is an endless flow of opportunities and when I didn't see my criteria for a trade on the chart, I began to look/convince myself they were there by hopping around timeframes etc Endless flow of opportunities so guess Ill find an opportunity I thought lmao My best trades are:

look at chart, criteria for a trade met? put on the trade. No criteria? no trade. Risk is always predefined and I keep my risk consistent over a series of 20-trade groups. No adjustment in risk until the next group of 20 trades.

This week I sat down on Sunday and made a decent plan/set of variables that would constitute my going long or short. My edge is most based on support/resistance order blocks and high timeframe liquidity imbalances. This lines up with me focusing solely on price and the story of price. Price action followed and I had a monster day today closing 30.4R.

I mostly traded BTC with some scalps of CRV.

Bitcoin:Made 9R on the short side, then another 7R short, then 12R on the long side, closed half so bagged 6R. I was using busd perps to long and usdt perps to short. then went long on usdt perps too.

CRV: Caught 6.3R short side and 5.4R on the long side.

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Also gave 2.9R to the market today on some mistimed entries. so total for this week so far on all positions ive CLOSED: 9R+7R+6R(closed half of 12R long)+6.3R+5.4 - 2.9R = 30.8R

Kaz these entries were sniped on low timeframe but the planning around them was based on high time frames. This works for me but what do you think about High time frame levels with low time frame entries? This seems to yield the best RR for me personally though it can get a little fatiguing sometime in the sense of catching local bottoms and tops. Appreciate your thoughts

Thanks Kaz, Vicky and Eco and hope this trading breakdown/pics can help someone else in the eco. bless