Trading downfall! The more experience and knowledge you have, the more you are influenced by various factors, affected by others' ideas, and impacted by account fluctuations. Never place pending orders without stop-loss, or you'll easily add small positions, and after floating losses, your psychology becomes complicated and you can't react properly. The Chan Theory discusses central zone movement, but it's easy to get caught up in concepts. A small pullback away from the central zone is enough to exit the trend.
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Trading downfall! The more experience and knowledge you have, the more you are influenced by various factors, affected by others' ideas, and impacted by account fluctuations. Never place pending orders without stop-loss, or you'll easily add small positions, and after floating losses, your psychology becomes complicated and you can't react properly. The Chan Theory discusses central zone movement, but it's easy to get caught up in concepts. A small pullback away from the central zone is enough to exit the trend.