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Please Help A Beginner :(
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[QUOTE="xProphet, post: 48795, member: 26332"] I use to make the same mistake when I fist started. (If it is the same mistake) You're watching the price or a chart, you see it starts to bounce up and wait, It moves up more, and you start to think, "this might be a good trade but ill wait to see it goes up a little more." The price proceeds to move up even more, then you start thinking its a great trade (time to get in). You enter the trade and bam! The price starts to dip, You start thinking you were wrong but, "hey they go up and down all the time". meanwhile the price keeps dipping until you reach a point where you think it may not come back up? You exit the trade for a lose. (Maybe even immediately switch to a bearish trade and go through the thought process again.) I think Emotional control and a method to analyze your pair, that you have confidence in would solve your problems. All the basic stuff traders like to shove down your throat. :D(For a good reason though, because it works.) [/QUOTE]
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