I've been juggling the idea of only trading one side of the market. Be a seller or a buyer only. This method is executed predominantly in equity and futures markets where most traders are buyers only - just by the nature of these markets.
I think this could be applied to FX markets with success as well. My biggest problem is FOMO. I feel the need to buy and sell at particular levels. Some times it comes back to bite me and I can take quite a few stop outs. This could have been avoided if I played only one side.
I've been considering becoming a seller only because most candlestick charts are produced by the bid which is the trigger for sell orders.
Does anyone practice this?
I think this could be applied to FX markets with success as well. My biggest problem is FOMO. I feel the need to buy and sell at particular levels. Some times it comes back to bite me and I can take quite a few stop outs. This could have been avoided if I played only one side.
I've been considering becoming a seller only because most candlestick charts are produced by the bid which is the trigger for sell orders.
Does anyone practice this?