Trading Traps
Premature Entry
Entering a trade before proper confirmation
Premature entry is when a trader enters a position before all their entry criteria are met, usually driven by FOMO or impatience. This often results in being stopped out before the actual move.
✓How to Recognize
- •Entering before pattern completes
- •Ignoring confirmation signals
- •Acting on incomplete information
- •Entering during high volatility without setup
⚡How to Avoid
- →Wait for candle close confirmation
- →Follow your trading plan strictly
- →Use alerts instead of watching constantly
- →Practice patience - missed trades are not losses