say no!

how many times

has it happened with traders

that they entered a trade expecting a move

the move doesn't come

the trade goes the wrong way

the trader books the loss

only to see the market reverse

the way predicted by him

without him!?

this is a typical example of

a right trade at wrong time!

--

why does it happen?

because

"the obvious is obviously wrong"

in the market!

big pockets win only

when they catch u on the wrong foot!

so, what is the golden rule

to avoid entering a right trade at the wrong time?

= always say "no" to the opportunity

which looks like an opportunity!

it is a trap!!

always wait!!!

--

in the words of

Edward Chancellor

"the promise of outsize profits are followed by

the reality of painful losses.

you will make more money in the long run

by restraining your greed!"

and as Mark Twain had said

"I never spotted an opportunity

until it ceased to be one!"