On my early stage of reading the charts, I always chase the market. and often time it frustrate me. The problem with chasing is by the time you place your trade, is the time the market will go against you. believe me i have done this a lot of time. For this reason I found it favorable to make a trade plan and if market is against you at least from the very start it had happen. That will give you plenty of room to create another plan.
Video below is the exact visual explanation on what im talking about.
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