easy · Volume Spread Analysis wyckoff-phases-schematics
A trader identifies a 'Mushroom Top' distribution pattern. They see several 'Upthrusts' and a 'Buying Climax'.
What is the most disciplined way to manage the 'Fear of Missing Out' (FOMO) when the price starts to decline?
- Stick to the pre-written plan, wait for a 'No Demand' rally for entry, and accept that missing one move is better than chasing a bad one.
- Wait for the index to drop at least 10% before entering any short trades.
- Focus on the news headlines to confirm if the collapse is fundamentally justified.
- Enter a short position immediately with a 'Market Order' to ensure you don't get left behind.
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