Just took an #btc short

Target : $63660 4hr support area.

4-6 RR roughly.

Daily tf is due for correction but every time the market tries to do so it's sold off aggressively.

side story:
About 2 weeks ago I decided to do a 100k prop challenge and focus on it ...they then limit trade size mid way without notice and that had quite an impact on my trades. 

Where I could get a 3rr or more at times during normal trading after change I could only get 1.5 RR or less which affected profitability it also I believe affected my psychology where as I've been reaching for certain tps outside my usual trade plan just to increase the RR or entering trades too early just  for RR to make sense which in turn resulted in many trades retracing back to BE without proper profit taking or trade signals getting invalidated because entered too early before proper confirmation. 

On top of that was only limited to Btc and eth trading. 

Other than that I realized my trading plan got a bit unorganized in an attempt to adjust and mentally I started to fall back in some bad habits. So, Spent about 2hrs last night fixing my trade plan and got a new challenge account with different company just to test if my above claims are actually based.

In trading every decision you make can cause you to lose money or make money so if the tools you are using are causing frustration or habit change that you have worked to develop that work then that's bad.

In the chart you can see an example of the risk to reward. Current trade with new prop firm I can trade normally and this trade is roughly a 4rr but I split the trade so half is 4 rr and other is 6RR and stop isn't even that tight on other prop I can barely get a 2 RR out of this same trade with max risk around .25%. This time of thing based on my trade style significantly impact profitability.

#ethereum #ethusdt $ethusd #ethetf
#btc