One of the biggest blunders you can make with your trades is changing a long-term position because of something you saw on social media.
You take a position based on a higher-timeframe thesis.
Then you see someone post a 1H or 4H chart showing a bearish setup
You start questioning your trade.
You panic.
And eventually, you sell your position.
Then a few days later, price does exactly what you originally
expected.
Don’t do this.
If your thesis is based on the higher timeframes, don’t let lower timeframe noise change your conviction.
And don’t let someone else’s opinion change your bias simply because they sound confident.
They may be looking at the exact same chart from a completely different perspective.
it should always be:
Your timeframe.
Your thesis.
Your plan.
Lower-timeframe price action can give you information, but it shouldn’t automatically invalidate a higher timeframe thesis.
Know why you entered.
Know what would invalidate your thesis.
And until that happens, stick to your plan.
You take a position based on a higher-timeframe thesis.
Then you see someone post a 1H or 4H chart showing a bearish setup
You start questioning your trade.
You panic.
And eventually, you sell your position.
Then a few days later, price does exactly what you originally
expected.
Don’t do this.
If your thesis is based on the higher timeframes, don’t let lower timeframe noise change your conviction.
And don’t let someone else’s opinion change your bias simply because they sound confident.
They may be looking at the exact same chart from a completely different perspective.
it should always be:
Your timeframe.
Your thesis.
Your plan.
Lower-timeframe price action can give you information, but it shouldn’t automatically invalidate a higher timeframe thesis.
Know why you entered.
Know what would invalidate your thesis.
And until that happens, stick to your plan.
