Most traders lose because they predict instead of watching price action. When buyers defend a level, wait for confirmation through buying aggression. The real money comes from trapped sellers forced into fakeouts, closing positions and causing rapid upward acceleration.
This is the main reason why a lot of traders lose money. They try to anticipate what the market is doing before the market does it. You don't need to predict, you just need to see what's happening. Here is the first time for the market opening where buyers are protecting a level in an interesting situation. So this one can be the first long position if it gets confirmed by a little bit of buy aggression. At the moment, it's only sellers. So now the only thing to do is wait what they can do. Now, one position that gets really interesting is the squeeze of the trapped sellers. When is the squeeze of the trapped sellers? When you Recover all the aggressive sellers. They are getting fakeouts, so they are willing to close the position, and the market is accelerating high. You see, all this was a fake. The narrative is still buy. Mm-hmm.
