Rhiannon Colly q7mZ
Open Trade
Occasional Trader
2.3 Years
2 Following
19 Followers
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Portfolio
Most costly mistake which separate Amateurs from Pro traders.
Anticipating a move and taking a trade even before the trade happens. This is the most common and the costliest of mistakes anyone can make. This is very common , for example
After a strong upmove , as the correction
$ begin#s, we begin to anticipate the next buy entry point. Each new low appears to us as new entry point. You may have traded and hit many stoplosses before the actual move happens. Capital may have run out or you may have given back everything to the market by the time next move occurs. What is the way out?
Be patient, anticipate but don't take action before the actual event happens.
Believe what you see in the chart, not what you expect to see on the chart.
Market is emotion, your each action affects it. Remember sheep get slaughtered.
Take action based on your own analysis.Dont depend on anyone.
After a strong upmove , as the correction
$ begin#s, we begin to anticipate the next buy entry point. Each new low appears to us as new entry point. You may have traded and hit many stoplosses before the actual move happens. Capital may have run out or you may have given back everything to the market by the time next move occurs. What is the way out?
Be patient, anticipate but don't take action before the actual event happens.
Believe what you see in the chart, not what you expect to see on the chart.
Market is emotion, your each action affects it. Remember sheep get slaughtered.
Take action based on your own analysis.Dont depend on anyone.
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