Don't fall into the trap of the "Big Candle Syndrome"! 🕯️❌
How many times have you seen a huge #Green_Candle suddenly appear on the chart and felt regret for not being in the trade? 😩 This is what I call the "Big Candle Syndrome," a trap that many fall into.
What do you usually do?
You rush to buy 🏃♂️, thinking you will catch up and make profits. But often, this candle is a signal that the move is close to ending, or even the start of a correction. 📉
Why does this happen?
That big candle is often the result of late entries from "market makers" or small investors chasing the price. By the time it forms, the #large_institutions have already started taking their profits or looking for better entry points.
My advice to you:
* Don't chase the market: 🧘♂️ Patience is your key. Real opportunities arise at strong support levels or after breaking resistance levels with confirmation.
* Plan your entry: ✍️ Set your entry and exit points and #stop_loss in advance.
* Learn to wait: 🕰️ If you missed a big candle, don't worry. The market is full of other opportunities waiting for your careful analysis.
Always focus on #risk_management and your #technical_analysis, not on emotions! 💪