My Mistake: Trading Without a Signal – When Impatience Took Over Logic
On the path to becoming a professional trader, there are mistakes that teach you valuable lessons. One of the biggest mistakes I made was trading without a signal.
Let me clarify: by trading without a signal, I don’t mean trading without a strategy. I actually had a well-defined trading strategy. But my major error was entering trades before the strategy actually gave a signal.
Instead of waiting for confirmation, I would jump in based on assumptions or emotions. This led me to exit several trades with losses, simply because I rushed in and didn’t wait for my setup to fully develop.
Why was this mistake so costly?
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Because the market didn’t always behave the way I expected
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Because my entry point lacked logical support
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Because a strategy only works if it’s executed properly
Today, I can confidently say: failing to wait for your strategy’s signal weakens the entire system.
If you also find yourself entering trades without a clear signal, it’s time to reconsider. Patience is an essential part of becoming a successful trader.
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