The trader does not know who to hold hands
Or if he knows, he cannot act on it
Because the program that was written was written and tried in the most logical way, but when it is executed, emotions usually dominate it
Instead of stopping at a 1% loss, he takes another trade and loses, and now he uses extra hands to compensate for the loss, and this chain continues until the loss becomes excessive.
That is not knowing how to hold hands
You have to acquire the skill
It is easy to do something yourself
But not to do it because your emotions prevent the logical work
Do you have the ability to recognize?
Your entire future as a trader depends on whether the move you want to make is logical or emotional
The solution is simple
Having a simple program that does not require thinking
For example, two trades a day with such and such a setup and then it's over until the next day‌‌

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If the trader cannot cope with the losses, he will definitely lose the future profits.
So the loss sets him back twice. The first time when it decreases from its inventory. The second time is when it prevents the trader from taking a profitable position by inducing fear.‌‌

Fed minutes came out basically telling us nothing once again. There are worries of cutting too aggressively and bringing back inflation pressures. There are also worries of not cutting enough if labor market continues to cool. This is the Fed's way of saying it could go either way, which is no surprise to anyone. Stock prices are relatively unchanged, gold caught a bounce and the 2 year yield is flat on the day.

An outcome that I think will happen is that yields have bottomed out for a while, but there is no inherent pressure on stocks. Gold's bull rally will likely slow due to the uncertainty around the aggressiveness of monetary easing. Stocks could likely continue with what they are doing in this melt up. Minutes is not a big catalyst for the markets. Tomorrow's GDP number is the only thing I think to be important this week as it shows us another glance at economic health.

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🥇 Forex Signals 🥇

📆 Signal Published ::::::: 26/11/2024

✅ Symbol ::::::: AUDUSD

📈BUY AREA ➡️ 0.6464

💠 Take Profit 1 : 0.6500
💠 Take Profit 2 : 0.6545
💠 Take Profit 3 : 0.6625
💠 Take Profit 4 : 0.6705

✖️Stop Loss ➡️ 0.6404 (60 PIPS)

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AUDUSD