🏃Chasing the market after missing the opportunity is one of the most common mistakes among traders, especially when they see a strong price movement and fear they're "missing the train".
🔍 What does it mean?
It means you enter a trade after the price has already moved a significant distance in a certain direction, just because you saw a strong rise or drop and believe that the movement will continue immediately.
⚠ Why is this a serious mistake?
Often, the big movement may be nearing its end, and entering here exposes you to a sudden reversal.
The market may be in a correction or profit-taking phase after the strong movement.
Late entry means that the risk/reward ratio is no longer favorable.
💡 How to avoid this mistake?
1. Do not enter the market based on the last movement only, but wait for a clear technical entry signal.
2. Stick to your strategy and do not let emotions drive you to hasty decisions.
3. If you missed the trade, remember: the market is full of opportunities, but lost capital does not return easily.
Advice from professional traders:
"Do not chase the market; let it come to you according to your plan."
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