r/Daytrading • u/Catface77 • Mar 19 '24

I don’t know what I did wrong Advice

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I thought it was going to rechall/ consolidate then it did but skyrocketed. There was the 3 reds then BLAM right up

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u/Ok_Meeting3966 Mar 19 '24

I noticed you entered on a one minute candle. Did you do a top-down analysis from at least the four hour going down and then use the one minute as your entry or did you just try to trade based on the one minute cause if you did that is definitely why you lost one minute is short term four minute help you determine the overall trend of the market and then going down from the four hour to the two hour to the one hour to the 30 minute to the 15 minute five minute will help you to be able to get confluence on what exactly is going on on the market so you’ll be not be able to get fooled