The #1 reason most traders lose money

 

They don’t trade the patter!
They trade their emotions!

Here are 4 mistakes tied to classic chart patterns and how to avoid them πŸ‘‡

1/ The FOMO Double Top πŸ’Έ

πŸ“ˆ Pattern: Double Top
😡 Emotion: Greed / FOMO
You buy the second top, thinking it’ll break out.
But it’s a reversal setup.
Boom—price dumps.


Fix: Recognize the M-shape & wait for neckline confirmation.


2/ The Hopeful Head & Shoulders πŸ₯Ή

πŸ“ˆ Pattern: Head and Shoulders
😬 Emotion: Hope
You’re holding a long position, ignoring the obvious reversal.
You convince yourself: "It'll bounce."

It won’t.

Fix: When you see the right shoulder form + neckline break → exit or short.


3/ The Panic in an Ascending Triangle πŸšͺ

πŸ“ˆ Pattern: Ascending Triangle
😰 Emotion: Fear
Price pulls back from resistance… again.
You sell early—just before the breakout.

Fix: Trust the structure. Buy the breakout with volume.


4/ The Revenge Trade After a Descending Triangle πŸ’€

πŸ“ˆ Pattern: Descending Triangle
😑 Emotion: Revenge / Ego
You tried to long the breakdown.
It dumped.
Now you double down.
It dumps again.


Fix: Let the pattern finish. Don’t fight structure with emotion.


Final Thought:
πŸ“Š Patterns are objective.
😡 Emotions aren’t.
Trade the chart, not your feelings.

If you want these mistakes out of your system...

πŸ“˜ Grab my trading eBook here πŸ‘‰ https://investingclubnyc.gumroad.com/l/ohlvfo





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