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The Most Important Risks and How to Avoid Them
4 Deadly Myths in Trading That Destroy Beginners… Are You a Victim of One?
#Myth_1: "Enter with the break... the market is going to explode"
#Truth:
- 90% of breaks are liquidity traps. The market breaks highs/lows to eat stop orders and then suddenly reverses direction. #Solution:
- Do not trust the break until confirmed.
Closing the candle + appearance of BOS (Break of Structure) on the higher time frame (daily or weekly)
#Myth_1: "Enter with the break... the market is going to explode"
#Truth:
- 90% of breaks are liquidity traps. The market breaks highs/lows to eat stop orders and then suddenly reverses direction. #Solution:
- Do not trust the break until confirmed.
Closing the candle + appearance of BOS (Break of Structure) on the higher time frame (daily or weekly)
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