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You see a 1-minute candlestick start to rise, chase it, then panic and run when it pulls back a bit, always feeling like you can't miss this wave. Busy all day, but total holding time adds up to very little, while you've paid a lot in fees, and your account just keeps shrinking.
In fact, most of the market's movements are noise. Try to catch every single candlestick, jump on every opportunity, and you'll likely end up getting whipsawed back and forth. You think you're trading, but you're actually being led around by the market.
Those who really make money know how to wait. Lie in wait like a sniper, and strike only when you have a clear shot. Making one or two trades a day, or even one trade every few days, is often far better than making a dozen trades a day and getting nowhere.
Retail traders always fear missing out, but think about it: if you want to miss nothing, how much have you actually made?
Missing an opportunity won't lose you money; blindly jumping into trades will. Set a rule for yourself: no more than one trade per hour. Once you've made a trade, close the software and go about your business. Over time, you'll find that by looking at the charts less, your account actually becomes more stable.
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