Yesterday, I closed my trade around 43,300 as I believed the price was nearing a potential reversal. However as we can see now, the market has smashed straight through to my original take-profit (TP) zone.
Here the lesson: It's crucial to always stick to your trading plan unless you have 100% confirmation that the market is reversing. Premature exits, like mine, might secure some profit, but they can leave substantial gains on the table. In this case, holding on with just a little more PATIENCE would have brought the trade to full potential.
Why PATIENCE matters:
1. Avoid emotional decissions: reacting too early can cost you. Let the market prove its intentions before deviating from your plan.
2. Maximize profitabillity: let your TP be hit unless clear signs indicate a reversal.
3. Discipline equals succes: Sticking to your strategy, even during uncertainty, builds consistency over time.
I still hold my XAGUSD (silver) , EURUSD, DOGECOIN and ofcourse XAUUSD(Gold) trade also. I will let u know.
Here the lesson: It's crucial to always stick to your trading plan unless you have 100% confirmation that the market is reversing. Premature exits, like mine, might secure some profit, but they can leave substantial gains on the table. In this case, holding on with just a little more PATIENCE would have brought the trade to full potential.
Why PATIENCE matters:
1. Avoid emotional decissions: reacting too early can cost you. Let the market prove its intentions before deviating from your plan.
2. Maximize profitabillity: let your TP be hit unless clear signs indicate a reversal.
3. Discipline equals succes: Sticking to your strategy, even during uncertainty, builds consistency over time.
I still hold my XAGUSD (silver) , EURUSD, DOGECOIN and ofcourse XAUUSD(Gold) trade also. I will let u know.
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