Touch and bounce
Nice reversal... this pair just bounced back from a strong trendline. Look to be continuing it’s bullish trend as it bounced.
Your mind always assumes the worst. It does that to protect you from harm. Because there is a potential that you’ll lose money and all the mental anguish that brings, the mind tells you not to do a trade.
You have to learn how to override this self-protecting mechanism if you want to be a trader. Talk to your mind. Tell it you are fine with doing the trade. Remind it that you have a stop placed and you will not be harmed if it doesn’t work out.
Your mind always assumes the worst. It does that to protect you from harm. Because there is a potential that you’ll lose money and all the mental anguish that brings, the mind tells you not to do a trade.
You have to learn how to override this self-protecting mechanism if you want to be a trader. Talk to your mind. Tell it you are fine with doing the trade. Remind it that you have a stop placed and you will not be harmed if it doesn’t work out.
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