The 2 worst mistakes that traders make are
1-Going against the trend
2-Chasing breakouts
In this thread I want to take a look at how we can fix both these mistakes and get your account back on track π€
$spy $qqq $amd $meta $tsla
1-Going against the trend
2-Chasing breakouts
In this thread I want to take a look at how we can fix both these mistakes and get your account back on track π€
$spy $qqq $amd $meta $tsla
The first step to keep yourself from going against the trend is knowing the difference between a healthy pullback and a reversal
I use the 2 minute ema strategy from my page to gauge this
The circled areas here are pullbacks for you to enter and join the trend, not reversals!
I use the 2 minute ema strategy from my page to gauge this
The circled areas here are pullbacks for you to enter and join the trend, not reversals!
Seeing a massive sell off like this on $amd most traders think the best play would be chasing the first green candle for reversal. Perfect example of fighting the trend
But If you use the ema strategy your first thought is look for the 13ema pullback to buy and join the trend
But If you use the ema strategy your first thought is look for the 13ema pullback to buy and join the trend
Once you understand the concept of dip/pullback buying you will never want to chase or fight the trend again
This example here happens everyday to traders
Breakout, fomo, buy the top.
Then rinse and repeat until account is gone
Look how easy this is to avoid with my strategy
This example here happens everyday to traders
Breakout, fomo, buy the top.
Then rinse and repeat until account is gone
Look how easy this is to avoid with my strategy
When using this strategy at no point during a move down like this will you even think about buying calls. You also wonβt be chasing puts.
Instead you will be able to anticipate each pullback ahead of time to get the safe entry your account deserves π
Instead you will be able to anticipate each pullback ahead of time to get the safe entry your account deserves π
FOMO causes you to chase breakouts and greed causes you to attempt to time a reversal to catch the whole move
A proper trading strategy will fix both of these bad habits and teach you find the best r/r entries to get you back on track.
A proper trading strategy will fix both of these bad habits and teach you find the best r/r entries to get you back on track.
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