all our sell base on fears of the highs and the one that is stuck in our minds that there should be some retracement after big move.
im not pointing this to you specific, but every trend trader should now: (nice E-BOOK i read)
o NEVER attempt to predict where the market will go
o NEVER attempt to pick "tops" and "bottoms" of price action
o ALWAYS respect the trend and align their trades accordingly
o Let the market tell them when the trend is finished, not their "intuition"
o Realize that they will necessarily sacrifice some pips at the beginning and end of a trend as they wait for confirmation that the trend beginning and end are authentic
o Look at price action from a long-term perspective and don't get shaken by volatility
o Understand that they will go through some potentially significant but temporary periods of drawdown as the trend matures
o Understand that trend trading can lead to large gains but also equally large losses
o Understand that trends can take place on multiple time frames
there is a reason why little fish like us should not put TP and use trailing stop.
i still have the same bad habits.. still try to pick tops and bottoms and for few pips is good, but in the end i need to babysit to all my trade against the trend.
hope some day i will change it.
no need to comment out of place about what I wrote, each one and his approach to trading.
i'm sure there are good traders here who know what they're doing.
and there are traders here who use a certain wave theory, Elliott, Ichimoku or do not know what.
How bad do you want it?
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