advice for newbies:
when trading forget about pips or the money.
worry about the price, dont close your profitable trades because you are afraid of losing the profit you already gained.
close your position because the market conditions no longer support your entry.
be aware that no price moves in a straight line either up or down, what gives you a clue would be price speed, thrust and time, as well as compound chart pattern and areas of support and resistance.
be aware of how quickly price gets rejected of a key point or how many times that point has been unsuccessfully tested.
when trading forget about pips or the money.
worry about the price, dont close your profitable trades because you are afraid of losing the profit you already gained.
close your position because the market conditions no longer support your entry.
be aware that no price moves in a straight line either up or down, what gives you a clue would be price speed, thrust and time, as well as compound chart pattern and areas of support and resistance.
be aware of how quickly price gets rejected of a key point or how many times that point has been unsuccessfully tested.
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