This is just a short blog posts. It’s something I’ve come to learn the Hard way. Getting into trades and only getting a small pip amount or realising I didn’t leave enough time for me todo chart analysis to enter the trade in the correct direction. Doing a buy when it simply goes into a sell and the other way around.
Use the Buy and Sell place the order is a key to getting into a trade direction at an optimal price. I’ve come to learn that where I do my position is normally the area where the trade goes sideways before showing me the direction I wanted. I’ve come to learn it’s optimal to get in above that area. so if it goes wrong you at least have some time to reevaluate your trade and decide whether to close or let it run.
If you have any comments please post below.