“Not every beautiful candle means to enter a trade – even bad candles have opportunities”
I have missed many opportunities when prices broke out just because the candle wasn’t “beautiful” like in the guidebook. I thought: “Only when the candle is perfect, I will enter a trade.” But after several losses, I realized: a beautiful candle is not the deciding factor, but the price trend and trading volume are more important.
In reality, a breakout with a bad candle but with high trading volume and a supporting price trend can still bring profits. Conversely, a beautiful candle but with low trading volume or a weak market can be a trap, causing you to incur losses.
From this experience, I learned to:
1. Observe market behavior and trading volume more than just looking at candle shapes.
2. Use candles only as a reference tool, not an absolute decision.
3. Combine market news, investor psychology, and overall trends before deciding to buy or sell.
Lesson learned: flexibility is more important than rigidly following the guidebook. A good trader is someone who knows how to seize opportunities even when the candle isn’t beautiful, knowing how to turn “bad” into an advantage.
