There is a common problem people have, they see a set-up because it "sort-of" fits their strategy and take the trade. This is because people encounter FOMO (Fear of missing out).
The markets will continue to play out long after any of us are still alive. There are endless opportunities, so why take any old trade? Always choose the best QUALITY trades over LOTS of trades!
You will only be successful when you take quality trades. Even if your trade looses and you look back and can say to yourself "Ahh well its one loss, I did everything I could to my full potential it didn't work out.I'll Move on"
There is an opportunity presenting it's self soon here I think, but in the opposite direction I am fundamentally driven. So I move on, if it goes where I expect without me, that's fine. At least I can look back and be glad I didn't go against myself just to be in the market.
This is a big part of the Psychology trades always talk about. I'll go further into detail in the future but for now stay away from poor trades.
QUALITY over QUANTITY always! Go get it!
Trade active
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Price is doing as I expected, but as I mentioned I steered clear of the trade. At least I know my analysis was good and I resisted temptation.