Rushing trades can destroy your account, especially if you’re making this mistake often.

Example:
-If a stock goes up and down several times and you’ve missed opportunities to sell when it peaked, you may get “ants in your pants”
-This can cause you to buy before the stock begins to ascend again, and it may actually decrease instead
-You’ll take a loss simply because you were rushing
-The past doesn’t always equal the future and patterns don’t always repeat themselves
-Wait for volume confirmations: for it to gain volume or to drop and break the support line
-Be disciplined and patient in order to avoid this mistake

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21 COMMENTS

  1. I love your videos….Question: How does this relate to time series momentum which basically says that past prices are
    a prelude to future performance? Is it a matter of waiting for volume to increase?

  2. Great video, as always! I'm going through a lot of your playlists right now. This chart reminds me of the INCY stock right now. I nibbled with a few 1 share buys, then just sold it whenever it got a little bit of a pop. I believe part of the problem is they recently diluted the shares. It has blown past a lot of support… Still watching it…

  3. I'm loving it – only started trading 3 days ago and have made £160 – i know it's not a lot but profit is profit!
    Sadly i've also lost money – is it wise to hold off hoping that past high's will return?

  4. great videos. it took me like 4 years of reading and watching random youtube videos to get the information you provide.
    there are so many people like Tim Sykes who charge money for video lessons and only like 2% of the content is real lessons. thank you for making these videos and actually teaching "why".

  5. I've done this many times in the past and it's why i've always broke even profiting only to land back with a bump LOL then do it all over again. The problem i think is how to trade small and zen like and then up your bet without gambling the lot on uncertainty. 
    This is why i use fibonacci on a spread sheet to plan trades to measure the productivity like betting odds. So the minimum must be 2 or 3 then 5,8,13, then 21,34 for the maximum. If you push out the profit higher than the losses then you should be able to see how to make a living even if you ran a normal business, ran a betting shop or professional poker playing.
    If your losing a lot, it should piss off a lot of dinosaur casinos 😀
    This is my solution to spread betting on the options hope this helps 🙂

  6. It`s better to consult longer timeframes coz such patterns occur in sideways market. I employ box breakout strategy in these cases with long and short entry points marginally higher than the supports and resistances, to overcome the noise.

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