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Don't be afraid to get it wrong! What most traders do:
Over think
Hesitate
Regret
Plan your trade, you're hardly ever going to get the exact level at the exact time with pin point entries.
Plan, then execute, don't be a afraid, have the confidence to test the levels by reducing your risk, lots sizes are important. You can increase the SL by decreasing the lots size. A great saying "your entry should be someone else's stop loss"
Focus on the process, not the money! You'll make far greater progress. We all get it wrong, but when you learn to manage trades its very hard to blow an account. Trust me on this, it's just practice and consistency with extreme discipline
KOG
Over think
Hesitate
Regret
Plan your trade, you're hardly ever going to get the exact level at the exact time with pin point entries.
Plan, then execute, don't be a afraid, have the confidence to test the levels by reducing your risk, lots sizes are important. You can increase the SL by decreasing the lots size. A great saying "your entry should be someone else's stop loss"
Focus on the process, not the money! You'll make far greater progress. We all get it wrong, but when you learn to manage trades its very hard to blow an account. Trust me on this, it's just practice and consistency with extreme discipline
KOG
Key resistance today 2278-80 with key level support now 2260 which could give a temporary bounce, but only for the scalp. We're sticking with the plan, not longing the market unless we get lower pricing. For now, as per the report yesterday, we were looking for a minor turn which happened early session.
Today's educational post was on trading the breakout of a range. How they manipulate the move to take it against you. We need to flow with the market, if we're in the move and it's going our way we stick with it, if however its going against us, we need to know and accept when we're wrong! Learning to trade the accumulation is important, especially when the price range has limited historical data.
There is a post on trading about trading the range, and one on how to trade levels. Check it out, backtest, see how it goes.
Please do help support us and the free channel by hitting the like/boost π button π