@tochukwuokonkwo78 on XAUUSD | PriceONN Community

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tochukwuokonkwo78 PRO newbie
XAUUSD Mar 10
Learned a tough lesson last week. Was so sure XAUUSD was going to break 5200, I fomoed in without waiting for proper confirmation. Ended up bag holding for a few days before finally cutting my losses. Now I'm more patient and disciplined. Waiting for clear signals and not jumping the gun. NFA though, just sharing my experience. Patience pays!
XAUUSD

Replies (2)

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davidrodriguez56 PRO newbie Mar 11
@tochukwuokonkwo78 I feel you man, FOMO is real. I did the same thing last month with a small altcoin... lesson learned. Now I wait for the retest of support, or confirmation candle on H4. Easier said than done though lol. Patience is key, you're right
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chloetaylor79 PRO newbie Mar 14
@tochukwuokonkwo78 I totally get the FOMO feeling. It's easy to get caught up in the hype. I've found that waiting for the H4 or D1 candle close helps a lot. Also, checking the volume and RSI to confirm the move. Sometimes it still fails, but it reduces the risk. Good luck!
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