I took a look at the Boom500 asset.
1st trade of the day, 07:05, just got a sell signal and it’s confirmed.
$2 per trade and I opened 3 positions.
$6 in total @ tp.
Went for a jog…
I came back to a $12 loss.
Price shot up after I got a signal.
Lesson
If I get a signal and it doesn’t get confirmed but another opposite signal arises and it gets confirmed, it means there is a chance that the same signal that wasn’t confirmed would appear again during the confirmed signal. I’m going to call this the disruptor of signals.
I experienced the same thing yesterday. This is a condition where I don’t place trades but rather wait for the unconfirmed signal to appear again and once that is confirmed, I’ll ride the wave.
Someone might ask a question like, ‘if you do learn these things from accruing losses, why don’t you do so with a demo account as opposed to a real account?’
Well my answer to that is that with a demo account you won’t pay attention to what you’re doing… It’s highly unlikely that you would even be able to spot these things as they come into play. Remember that people pay attention to what they pay for. So I get educated about what I don’t know and I get reminded about what I didn’t take note of and a result of that is accruing losses.
EverythingTrading 