Stop looking for entry points
If you look hard for entry points on your charts, you will probably find them. After a while, your mind will convince you that good entry points are right in front of you. However, this will be self-deception.
There is an old saying:
If you go searching for trouble, you are guaranteed to find it.
It is very easy for a trader to fall into this trap. After studying the charts for a long time, a trading set-up that seemed unreliable at first glance turns out to be much better. This is because you are trying to find your entry point.
In fact, if you have support and resistance levels drawn, it should take you about 10 minutes a day to find a trading setup on the daily charts. If you don't find anything right away in that time, then you need to wait for tomorrow.
Get out of the habit of constantly searching for entry points and make your analytical sessions as short as possible. The more time you spend looking for trading opportunities, the more likely you are to find them. However, their quality will be questionable.
If you look hard for entry points on your charts, you will probably find them. After a while, your mind will convince you that good entry points are right in front of you. However, this will be self-deception.
There is an old saying:
If you go searching for trouble, you are guaranteed to find it.
It is very easy for a trader to fall into this trap. After studying the charts for a long time, a trading set-up that seemed unreliable at first glance turns out to be much better. This is because you are trying to find your entry point.
In fact, if you have support and resistance levels drawn, it should take you about 10 minutes a day to find a trading setup on the daily charts. If you don't find anything right away in that time, then you need to wait for tomorrow.
Get out of the habit of constantly searching for entry points and make your analytical sessions as short as possible. The more time you spend looking for trading opportunities, the more likely you are to find them. However, their quality will be questionable.
