In my life I lost thousands $ in:
1. trying to anticipate a move.
2. expecting a move.
3. mind changing on a trade.
4. opening a trade without a good study on the situation prior of it.
and maybe some more thousands $ went in:
1. ok my target is 70pips far, i better close and bring profits now: then price goes 400pips further in my direction after I closed right where I should have increased.
2. price is reversing and going to my stop loss @be+1. It will certainly get it. I better close it now and collect these 30 pips then later decide. 3 hours later price is where I supposed to have my target and I closed the trade right where I should have increased the position.
3. I want to short / long that instrument, that's it! Price had enough. I open the very first 1/3 position then after 24 hours price still around my entry and not showing good things: Ok I close and will reload later. 6 hours later I find price 5% far away from my previous entry.
1. trying to anticipate a move.
2. expecting a move.
3. mind changing on a trade.
4. opening a trade without a good study on the situation prior of it.
and maybe some more thousands $ went in:
1. ok my target is 70pips far, i better close and bring profits now: then price goes 400pips further in my direction after I closed right where I should have increased.
2. price is reversing and going to my stop loss @be+1. It will certainly get it. I better close it now and collect these 30 pips then later decide. 3 hours later price is where I supposed to have my target and I closed the trade right where I should have increased the position.
3. I want to short / long that instrument, that's it! Price had enough. I open the very first 1/3 position then after 24 hours price still around my entry and not showing good things: Ok I close and will reload later. 6 hours later I find price 5% far away from my previous entry.
90% of traders use TA, indicators and prediction
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. Only hope is psychological level of 1.18000 and pray for a bounce 