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First post, lesson learned on chasing reversals
Thought I'd make a first post here, been lurking a while. One mistake that still stings from earlier in my career was trying to consistently call bottoms on $EURUSD during a strong downtrend. Kept looking for 'the' reversal candle, only to get chopped up by continuation after weak bounces, bleeding capital in small increments that added up. My lesson was that being early is just as bad as being wrong, and sometimes, the trend really is your friend, even if it feels extended. Waited for real confirmation now.
1 comments · 1 points
That's a classic trap. Trying to pick tops or bottoms against strong momentum rarely pays off consistently. Waiting for actual confirmation often means missing the absolute low, but it saves a lot of heartache.