A seemingly perfect setup
You find yourself trading one day. Your technical indicators are signaling all systems go. Nothing seems out of the ordinary. It seems like a perfect set-up.
You enter your trade. The next thing you remember is that price moves against you so fast that you fall into a momentary panic.
Sideswiped to oblivion
Your one-minute chart disappears for a second as price exceeds the chart, and the chart frame has to catch up to the movement. It turns out that price just moved 60 ticks…in the “wrong” direction. Apparently, you were on the wrong side of the trade.
This happens more often than you think. And the sad thing is that most of the time it can be mitigated, if not completely prevented.
If you want to learn how to protect yourself, check out our video below: