$NOT 👀👀👀
💥💥Red Zone! 💥💥
Psychological Anatomy of the Red Zone!
After Rejection from 0.0145
In this Zone you don`t need to do anything.
This is likely the zone where most mistakes are made!
Here is where emotions are most intense, the price is below your entry point and you are at a loss but your idea hasn’t been invalidated yet!
In this zone It’s common this line of thoughts: “I don’t want to lose more, I’ll get out now; I’m sure it’s going to hit SL”
The point here is that our idea or setup isn’t invalidated in the red zone but at the stop loss. In the red zone we don’t make decisions, If you do you’re breaking your plan and making an emotional decision that leads to more wrong decisions like entering a new trade as a revenge or with the hopes of recovering the losses.
If you don’t follow your plan and you cut your trades before they hit stop loss –which is the invalidation point that you yourself decided- you’ll have consistency problems in the long term.
