Trade or Wait?

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Should I stay away or should I enter a trade?

You can buy immediately at identifying a trend or waiting for a cut or retracement, the first option can synchronize us with the trend but can leave our stop loss far away from our position, risking even more than the possible profit.

The second option risks less but you will have four different groups of competitors, long, shorts, the ones that didn’t buy on time, and the ones that sold but bought again, that may be a possible pull back formation because of the huge mass of traders. But waiting for pull backs while the trend is getting strong is act of amateurs.

But I truly recommend to avoid trades that are far away from your stop loss, in that case you better stay away, go jogging or play an instrument to calm the nerves and control your emotional side.

Another option if you cannot support the fact of staying out of the market is reducing the lot size of your trade to a half of the original value that will reduce an eventual loss and emotional impact.

Taking in count all these recommendations and a very strict and discipline in trading experience my conclusion is that we can be in or outside the market the most important fact is that we must know why.

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