Trading pullbacks and handling fear
Updated
Our last trade was a pullback, I will share the M1 timeframe for more clarity on this.
But it still went out on Exit 1. So how do we handle the fear of a reversal or mistakes? Even if volatility is huge and we have a direction but we see that for example there has been a bigger reversal against our trade, but of course do not know how long it will last.
Having a checklist in these kind of situations is always THE orientation that you need. Trading is not about always knowing where the market is going, because no one knows it.
We only have a mechanical list that helps us in our decision making, and sometimes the worst thing that can happen, if I do not enter too late or exit too early is to simply taking the pullback and be out (or at break even) fast.
If you do not have a checklist for my strategy, take a look at my education. I provide you with everything you need for profitable trading here:
beacons.ai/underlayertrading
Don't miss this one time chance, because this offer runs out on 1st of July and won't come back for at least the next year. Grab you chance now and get everything you will ever need on the charts today :)
But it still went out on Exit 1. So how do we handle the fear of a reversal or mistakes? Even if volatility is huge and we have a direction but we see that for example there has been a bigger reversal against our trade, but of course do not know how long it will last.
Having a checklist in these kind of situations is always THE orientation that you need. Trading is not about always knowing where the market is going, because no one knows it.
We only have a mechanical list that helps us in our decision making, and sometimes the worst thing that can happen, if I do not enter too late or exit too early is to simply taking the pullback and be out (or at break even) fast.
If you do not have a checklist for my strategy, take a look at my education. I provide you with everything you need for profitable trading here:
beacons.ai/underlayertrading
Don't miss this one time chance, because this offer runs out on 1st of July and won't come back for at least the next year. Grab you chance now and get everything you will ever need on the charts today :)
Note
Here is our pullback
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