I made this mistake and now I am slowly learning, with losses, to accept the market fluctuation and not to keep looking for buying and selling. By selling you guarantee the loss and I lost.
BullishBanter
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Bullish
One of the biggest mistakes many traders make is trying to find the exact "perfect price" to enter or exit the market. They aim for the absolute highest point to sell or the lowest point to buy, but this is nearly impossible to achieve. Markets are unpredictable, and chasing perfection often leads to frustration and missed opportunities. Instead of looking for that flawless price, it's more effective to plan your trades around logical price zones.
A smarter approach is to identify key levels on higher timeframes. These zones give you an idea of where the market might reverse or pause. Once you’ve marked these areas, you can start entering or exiting trades gradually instead of waiting for the market to hit an exact number. This process, called scaling in or out, lets you spread your risk and adjust to market movements while focusing on your goals. For instance, instead of buying all at once, you can split your entries into smaller parts and adjust as the market moves.
Waiting endlessly for the “perfect” price can often cause traders to miss solid opportunities. The market rarely moves in a predictable straight line, so trying to time it perfectly is a risky strategy. It’s better to act on zones where the price is likely to react, even if it’s not the lowest or highest point. This way, you can catch a good portion of the move instead of missing it altogether by hesitating.
In trading, perfection isn’t necessary to succeed. The key is to manage risk, plan ahead, and remain flexible with your strategy. Focus on consistency rather than perfection, and you’ll find yourself in a better position to take advantage of market opportunities without overthinking or missing good setups.
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