Quote from: tvplus006 on Today at 01:34:24 PM

Quote from: carlfebz2 on June 02, 2022, 07:47:02 PM

...Cant really be precisely predicted but we wont really be seeing any outcomes or results if you do let yourself just sitting around and missing out or doesnt really make some action.

It is better to lose a profit than to lose your deposit. And if you do not see a reversal pattern in which the chances of success are higher, then it is better to wait with the opening of an order. You should not try to open an order just so that you have an open position.

This is what is called chasing the market. If a trader can't wait for another trade and FOMO they may likely jump into another losing market and continuously they lose all deposit. This is the mistake that newbies do often times that make them complain alot. Opening more than one or two trades at same time will not give enough attention and those open positions may be pulling down the deposit especially if it is on high leverage.