Opening and closing a trade (should be like)

First,

I would like to apologize to everyone who absolutely are die-hard readers of my posts. (Any takers? lol j/k)

Secondly,

I would like to see if anyone else can agree with the following statements in how I feel right now about trading. As well have a feeling this might be added to the tutorial massive size blog comment section for trade positioning and timing.

I feel that trades now should be opened and closed like a well-thought out plan.

If one does not understand the movement of the pair (currency market) traded one should really consider not even opening the transaction.

Reason:

1. When one doesn't know the effective volatility ratio then someone could get stopped out on a very tight stop-loss just to see unrealized potential gains and get emotional behind revenge binge trading (been there, got the T-shirt that said, "Lost trade just to see unrealized potential massive profits!")

2. When one doesn't know the potential spread difference movements and speed of movement it can lead to to reason number 1.

3. When you trade, you should already have a known longer-term understanding of the market's movement (direction of movement) and key points of resistance or turn-around levels, and be patient enough to wait around to confirm and verify the resistance or turn-around levels are effective and accurate. If not, you may get foolish and open a trade, not knowing when to close out for a loss and end up with a major foot stomping loss realization of: woulda, coulda, shoulda, why didn't ya mentality.

Just thought I'd share my little comments on here.

Opening and closing a trade (should be like)