One familiar mistake traders make is not realizing one elementary principle, which is markets trade most often in a sequence of
Meaning it is relatively rare that you have a down-trending market turn right away in an up-trending one
As such, it is not advisable to be, in all scenarios, the first one to execute a trade from a time sequence period.
or in short, considering this principle should result in a more prosperous entry and exit point
proper execution points provide better risk management and a more psychologically supportive trade management mindset
(this might sound rudimentary, but I have seen advanced traders struggle with this, so let us not undervalue the importance of this principle)
(charting courtesy of TradeStation)
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