If you missed an entry you wanted to take, don’t try to make up for it urgently by chasing the price.
Yes, the market may continue to rise, and that opportunity may be missed. This is part of trading.
However, after a strong rally, a sharp drop may occur to grab liquidity and liquidate the longs of those who entered too late.
If that happens, watch the price reaction: a retracement back to this level may give you a new entry point with a clear breakout signal.
If the price keeps rising and still doesn’t give you a setup, simply let the move go.
Stay relaxed and look for the next long opportunity.
You don’t need to capture every move to make money. You just need to enter when the risk-to-potential-reward ratio makes sense for you.
Yes, the market may continue to rise, and that opportunity may be missed. This is part of trading.
However, after a strong rally, a sharp drop may occur to grab liquidity and liquidate the longs of those who entered too late.
If that happens, watch the price reaction: a retracement back to this level may give you a new entry point with a clear breakout signal.
If the price keeps rising and still doesn’t give you a setup, simply let the move go.
Stay relaxed and look for the next long opportunity.
You don’t need to capture every move to make money. You just need to enter when the risk-to-potential-reward ratio makes sense for you.