What’s the #1 mistake I made as a beginner trader?
I chased breakouts blindly. No confirmation. No plan. Just FOMO. π¬ Here are 3 chart examples that taught me painful—but powerful—lessons π 1/ The Fake Breakout Trap π 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: π Wait for confirmation (like retest + volume) π Chart example: Double Top with failed breakout 2/ Ignoring the Head and Shoulders Pattern π« 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: π Respect reversal patterns. The market always gives hints. π Chart example: Head and Shoulders into trend reversal 3/ Misreading Ascending Triangles π 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: π Trade after the breakout,...