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| The two easiest ways to throw away profits: a. change your holding period midstream, or b. not know your numbers. When a trade moves in your favor, greed exerts a negative influence on your emotions. This may cause you to forget your trading rules. But the reason you developed them in the first place was to avoid situations just like this one. The odds favor your rules. Follow them until you're a seasoned pro. And when it comes to the numbers, what you don't see will hurt you. Watch at least three time frames for every setup you're trading. Being unprepared means allowing hidden resistance to keep you in a bad position. Every trade has a reason. That reason may change based on the numbers you don't know.
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