📉🚫 Heard stories of blown accounts? I *was* one. Not trading is often the best trade. First, after a big loss. Your brain screams "get it back," leading to revenge trades, doubling down, and turning a $600 hit into a $2k disaster. *Rule: Walk away, breathe, analyze later.*
Second, before major news events like CPI or FOMC. Markets become a casino, stops get hunted, and that 1% move could be 10% in seconds. You'll get liquidated instantly if you're on the wrong side with leverage. *Rule: Stay out at least an hour before and after major announcements.*
Third, when you're tired, sick, or emotional. I once traded after a terrible night's sleep, convinced I saw a setup that wasn't there. My focus was shot, and that $100 I was up evaporated, turning into a $50 loss because I couldn't cut it....
Second, before major news events like CPI or FOMC. Markets become a casino, stops get hunted, and that 1% move could be 10% in seconds. You'll get liquidated instantly if you're on the wrong side with leverage. *Rule: Stay out at least an hour before and after major announcements.*
Third, when you're tired, sick, or emotional. I once traded after a terrible night's sleep, convinced I saw a setup that wasn't there. My focus was shot, and that $100 I was up evaporated, turning into a $50 loss because I couldn't cut it....