how many times
has it happened with traders
that they entered a trade expecting a move
the move doesn't come
the trade goes the wrong way
the trader books the loss
only to see the market reverse
the way predicted by him
without him!?
this is a typical example of
a right trade at wrong time!
--
why does it happen?
because
"the obvious is obviously wrong"
in the market!
big pockets win only
when they catch u on the wrong foot!
so, what is the golden rule
to avoid entering a right trade at the wrong time?
= always say "no" to the opportunity
which looks like an opportunity!
it is a trap!!
always wait!!!
--
in the words of
Edward Chancellor
"the promise of outsize profits are followed by
the reality of painful losses.
you will make more money in the long run
by restraining your greed!"
and as Mark Twain had said
"I never spotted an opportunity
until it ceased to be one!"
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