Trading Mistakes
one common mistake I see traders make is not realizing one very simple principle
which is markets trade most often in a sequence of
down/sideways/up
(up/sideways/down)
meaning it is fairly rare that you have a down trending market turn right away in a up trending one
as such it is not advisable to be in all scenarios the first one to execute a trade from a time sequence period
or in short, considering this principle should result in a more prosper entry and exit point
proper execution points provide better risk management and a more psychologically supportive trade management mindset
(this might sound rudimentary but I have seen advanced traders struggle with this so lets not undervalue the importance of this principle)
(charting courtesy of TradeStation)
as always
feel free to ask any questions about this or prior posts and thank you for your time
@allthereisislove
your upvotes are greatly appreciated and may be you even consider following me THANK YOU !!!!!
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great
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