How thinking of Reversal against your own entry is biggest enemy.

Market trends as per reasons not as per someone’s entry or thinking

When there is a pattern made either trendline broken or moving averages entry what we all think that market will reverse from my point of entry or we think its a fake breakout or breakdown.

You get true 2 times out of 10 times.

But get wrong 8 times.

Here is the main issue that 2 times of stop loss has much Havier weightage than on 8 times , So we could not make money since we always fear that market would reverse and do not believe in the pattern.

Why we give so much importance for 2 times or 20% ?

Human mind has learned to remained from the pain which has been happening since the ancient times.

Our mind is ancient however technology is being changed and 90%+ people still following the safe yourself strategy and living a mediocre life.

If we could able to hurt ourselves only 2 times there are 8 times when we can win and this win can heal your loss of 2 times very easily.

However avoiding 2 times loss and being in the same state of mind always put us in the situation of not behaving rational but emotional.

If we cannot change how to suppose that results will be change.

Every pattern and every strategy works if we could manage our pattern of thinking and manage losses and profits.

Before entry just make sure:

1. There is support/resistant or trendline support/rejection.
2. Avoid of being FOMO but only after pattern is made.
3. Never average the position.
4. Never overnight.
5. Never greed of profit.
6. Never try to bottom fishing or skyrocketing.
7. Give stop loss always.
8. Avoid sideways market.
9. See as you wait after entry, same wait till the time pattern is being made.
10. Thinking and emotion never helps.