(.....)
[1].Don't Chase the market:
There is always a next opportunity in the market,
If you miss this opportunity wait for next one.
(....)
I believe this is the common problem of traders that are starting, even me before I can admit this. The feeling of like you FOMOd and you insist on finding a good entry even you already know that it's already too late.
Not all the times you can open a trade, whether it's a short or long position.
Always remember that there are millions of opportunities ahead, capital preservation is the key.
There is always a next opportunity. This should be the watch word of a successful trader. Every candle stick is an opportunity. Every dip is an opportunity, every bull is an opportunity.
The FOMO is a very dangerous. It has made many coins dump on me and tidy I would have made x500 of the coins assuming they didn't dump on me. When you hit your daily target, exit and what for another opportunity. There must be another opportunity.