Important questions to ask yourself before getting into any trade: What is the market narrative right now? What higher-timeframe key levels is price reacting from? Has the liquidity I’m expecting price to target or sweep already been taken? What confirmations have formed to validate my trade idea? And most importantly: If I can’t answer these questions clearly, why am I entering the trade? You don’t need to be in the market every day. Especially during slower months like August, capital preservation should be a major priority. There will always be another setup. The goal is to protect your capital during poor conditions so you’re in the best position to capitalize when the market becomes cleaner again.
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