The charts and the price tickers are humming all the time. So why sleep if there is a trade opportunity? Maybe there is one. You go to your computer and you see one. But is your high profitability setup really there?
Perhaps there is a good setup awaiting you, but there’s a very good chance that you don’t want to miss out on being inside, even if it’s not worth it. If you’re lucky, the result is only a big waste of time. But it can also lead to very unnecessary losses.
Here are the some of the reasons for such moves, and what you can do to avoid them.
So, take a break.
And in more detail, allocate time for checking out what you did and for education, and separate time for trading. Make these time frames fit into your life, and not take over them. It doesn’t mean you’ll never lose again, but it will make your decisions much more rational, and each position will be carefully taken, and not impulsively made.
Perhaps there is a good setup awaiting you, but there’s a very good chance that you don’t want to miss out on being inside, even if it’s not worth it. If you’re lucky, the result is only a big waste of time. But it can also lead to very unnecessary losses.
Here are the some of the reasons for such moves, and what you can do to avoid them.
- Too much screen time: When you’re attached to the charts all day, and sometimes late at night when everybody is sleeping, you might start seeing things. Did you happen to bend some lines on the charts? Round some corners? If you see every small move as a big event, you might be missing out on the really important ones, and taking the absolute wrong decision.
- The feeling that you’re missing something: You’re not missing on anything if you miss out on a bad trade! The feeling that you must be in the market in order to gain may turn out absolutely wrong – you may lose your gains by being in the market at the wrong time. The need for action can turn into more losses.
- Now you’ll show them!: You think that after you’ve spent many hours by your screen and burnt some money on the wrong trades, you’ve learned and now you’ll take revenge. Well, you’re not only exhausted and overwhelmed by all your trades, but the feeling of revenge is also harmful and in many cases leads to final burnout of the account.
So, take a break.
And in more detail, allocate time for checking out what you did and for education, and separate time for trading. Make these time frames fit into your life, and not take over them. It doesn’t mean you’ll never lose again, but it will make your decisions much more rational, and each position will be carefully taken, and not impulsively made.
Editors’ Picks
EUR/USD sticks to positive bias above 1.1800 as trade jitters undermine USD
The EUR/USD pair builds on the previous day's modest gains and attracts some buyers for the second straight day on Thursday amid a softer US Dollar. Spot prices, however, lack bullish conviction and trade around the 1.1815-1.1820 area during the Asian session, up 0.10% for the day.
GBP/USD bounces as soft CPI boosts BoE cut bets
GBP/USD rose 0.42% on Wednesday, recovering toward 1.3600 in a session shaped by softer-than-expected UK inflation data and broad US Dollar weakness. The pair had been consolidating in a tight range between about 1.3450 and 1.3520 for the past few days following the sharp pullback from the late-January high near 1.3870, and Wednesday's move pushed price action back onto the high side of key moving averages.
USD/JPY retreats further from two-week top; downside potential seems limited
USD/JPY extends the previous day's late pullback from a two-week high and drifts lower during the Asian session on Thursday, as intervention fears offer some support to the Japanese Yen. The US Dollar, on the other hand, remains on the back foot amid concerns about the fallout from Trump's trade policies, which weigh on the currency pair. However, the uncertainty over the pace and timing of the next BoJ rate hike could limit JPY gains and cap the currency pair.
Editors’ Picks
AUD/USD holds steady above 0.7100; eyes multi-year top amid RBA rate hike bets
AUD/USD consolidates above 0.7100 during the Asian session on Thursday and remains close to a three-year peak amid bets for another RBA rate hike in 2026, bolstered by the latest Australian consumer inflation figures released the previous day. Moreover, a softer US Dollar and a positive risk tone act as a tailwind for the Aussie, though trade uncertainties seem to act as a headwind for spot prices.
USD/JPY retreats further from two-week top; downside potential seems limited
USD/JPY extends the previous day's late pullback from a two-week high and drifts lower during the Asian session on Thursday, as intervention fears offer some support to the Japanese Yen. The US Dollar, on the other hand, remains on the back foot amid concerns about the fallout from Trump's trade policies, which weigh on the currency pair. However, the uncertainty over the pace and timing of the next BoJ rate hike could limit JPY gains and cap the currency pair.
Gold retains positive bias amid sustained safe-haven demand, softer USD
Gold attracts some buyers for the second straight day as trade jitters and geopolitical tensions ahead of the US-Iran nuclear talks underpin demand for safe-haven assets. Apart from this, a softer US Dollar further supports the bullion, though the underlying bullish sentiment could cap gains. Bulls might also opt to wait for acceptance above the $5,200 mark before positioning for any meaningful appreciating move.
AUD/USD rises toward three-year highs on RBA rate hike bets
AUD/USD remains stronger for the third successive session, trading around 0.7120 during the Asian hours on Thursday. The pair advances toward its three-year high of 0.7147, last touched on February 12, as the Australian Dollar strengthens following hotter-than-expected inflation data from Australia, reinforcing expectations of further interest rate hikes by the Reserve Bank of Australia this year.
Nvidia delivers another monster earnings report, and forecasts big things to come
It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.
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