What’s the #1 mistake I made as a beginner trader?
I chased breakouts blindly. No confirmation. No plan. Just FOMO. 😬 Here are 3 chart examples that taught me painful—but powerful—lessons 👇 1/ The Fake Breakout Trap 📉 I saw a breakout above resistance and jumped in. Volume was weak. RSI was already overbought. Next day? Price slammed back below the level = classic fake out. Lesson: 👉 Wait for confirmation (like retest + volume) 📊 Chart example: Double Top with failed breakout 2/ Ignoring the Head and Shoulders Pattern 🚫 I was long. Everything “felt” bullish. But the chart was forming a head and shoulders —a reversal pattern. I held on… Price dumped hard. Lesson: 👉 Respect reversal patterns. The market always gives hints. 📊 Chart example: Head and Shoulders into trend reversal 3/ Misreading Ascending Triangles 🚀 I bought inside an ascending triangle way too early. Price kept bouncing but never broke out. I got frustrated… and sold. 2 hours later: clean breakout without me. Lesson: 👉 Trade after the breakout,...