The plan kept me and SteadyTrade Team members safe from a loss and from taking an unnecessary trade.
The second thing that can help you avoid overtrading is patience…
Stop trying to anticipate moves — that's playing a guessing game.
Instead, be patient and wait for your entry. I just showed you how waiting for the key level to break could've prevented a losing trade in PHIO yesterday. But you can apply patience to many strategies…
When you wait for the right entry instead of anticipating moves — it can cut down the number of trades you take.
And cutting down the number of trades you take can also reduce the number of losing trades you take. Because you'll only be focused on trading the highest odds setups.
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*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
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