AI
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| Alias Born | 10/29/2007 |
Tuesday, February 23, 2016 11:50:03 AM
True...but if you wait you won't be underwater on the trade and you'll be able to lock in more pips of profit later. 
Keep in mind that things can change. What if our wave count is wrong and it spikes for some crazy reason? Then you'd regret adding at the lows when you could have taken a position at a much more advantageous point later.
One of the things that is a killer (as much for me as anyone) is fear of "missing out" on a big run. We tend to add positions at illogical points "just in case" or "when it gets going". Instead, we need to approach things from a purely logical point of view without any emotional expectation.
Trading with ice water in your veins is tough to achieve but if you train yourself, it can be done. If you miss the trade, you just miss the trade. It's not a big deal because there's always another trade setting up somewhere.
Keep in mind that things can change. What if our wave count is wrong and it spikes for some crazy reason? Then you'd regret adding at the lows when you could have taken a position at a much more advantageous point later.
One of the things that is a killer (as much for me as anyone) is fear of "missing out" on a big run. We tend to add positions at illogical points "just in case" or "when it gets going". Instead, we need to approach things from a purely logical point of view without any emotional expectation.
Trading with ice water in your veins is tough to achieve but if you train yourself, it can be done. If you miss the trade, you just miss the trade. It's not a big deal because there's always another trade setting up somewhere.
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