I’ve written something similar before. But, i guess it’s about time for me to bring up again. Wahaha.. Very long-winded. For myself, as i need a constant reminder
There’re several types of entry:
(1) BREAK: via simple resis, upper channel trendline, inv h&s, cuphandle, flag, triangle, wedge…
(2) BASE: via simple support, lower channel trednline…
(3) DING DONG: in-between above (1) & (2)
(4) LAST TRAIN: price had run wild. Jump on board, hoping to get a quickie ride.
Above (1): my preference.
Above (2): as a human being (i am, kekeke..), I do “hope” that i “can” catch the bottom too.
Above (3): something i “try” not to get in. i admit, i’m greedy sometimes.
Above (4): i was frequently caught there yester-years.
This is what the entry-level brokers usually suggest.
Let’s face the fact: do “all” brokers provide excellent calls?
Well, a handful of them are simply 神, but, most, em, they make people broke.
I understand, many traders would love to catch the “last train”.
I cannot say that the “last train” often derail.
In fact, some “last train” prove to be ”bullet trains”: fast & furious, up.
If you know where to take profit & sl, go for them.
Along the years, i’ve seen so many guys kana sucked dry due to:
“Oh, no worries, i no greedy, a few bids, i will jus take profit” => entry reason.
“Oh, no worries, price drop now, will go up very soon” => when price hit sl.
“Oh, no worries, i add some now, when up abit, i sell all” => when drop more.
“Oh, no, NO!!!” => when drop, oppss, dive more.
One can win bids 3 out of 5 “last train” trades,
one can loss bigG 2 out of 5 “last train” trades.
When entering “last train” trades, often ask:
patient, impulsive, compulsive? reward-risk?
i usually keep a file, below is the extracted portion:
Do something similar, we may be able to control the greed element, hopefully 
