Reference on the Daily Uptrend very much intact with price consolidating at a resistance level
Entry on 4H Again, another bad entry due to the FOMO. Placed a limit order but a bit too much of guesswork is involved when placing a limit order, decreasing precision, consistency and objectivity. The lack of confirmation might also be costly.
Reference to Trade 9
1% capital risked for potentially 9.5R.
Entry: 86.68 | Stop loss: 85.7 | Target Profit: 96
Psychology and emotions – Lately been suffering from FOMO. Workflow is starting to get in place though.
Stopped out. At 85.7 as mentioned above. Again, the importance of risk management.