prochargedmopar wrote:That thing was dropping like a rock and I just kept buying and buying....Not sure what goes on in my head? Every time I seem to go with the trend it's to late and I get whippsawed out......Seems that I'm so scared it can't go any lower/higher that I just can't force myself to do it.........
You can't see the trend on an 1 minute timeframe. Go to you're 5min chart and zoom out. You even said it yourself, price kept dropping like a rock and you kept buying because you're scared it can't go any lower or higher.. You DON'T know when the market will change direction!! You can only trade with what you SEE at the time of putting on your trade!
Thats what you have money and risk management for, so IF you do have a trade at the time when the market changes direction then you get stopped out with as little as possible (or a small profit?)