You took a trade at exactly 10am
Two minutes later, you open your MT5 to see what’s happening
Five minutes later, you’re on your MT5 again to see if it’s in profits.
Another three minutes later, you’re on your MT5 again and this time, the trade reverses and floating on small loss.
Five minutes later again, you’re couldn’t think of anything else except your trade, in your mind you’re praying for it to return back to profits so you’ll rush and close it. (You that hasn’t prayed for the last 3 days, you suddenly remembered God)
Two minutes later, trade returns to $1.78 profits. You closed it immediately with the conviction that the trade won’t go well. (Now your mind is at rest)
30 minutes later, you opened MT5 just to confirm that you were right to close because you think it would hit SL, but to your surprise, the supposed trade has just passed your supposed TP level.
MY BROTHER, YOU’RE NOT YET A FOREX TRADER.
@Im_Speculator How do you know that today youre marking the 9 pm candle as the range , and not the 1 am candle . I am used to 1 am [range] -5am[raid]- 9am[ expansion ] . Or it depends with the pair you're trading ?? Please dont fail me, I will appreciate a lot
@vivoenergykenya@Shell_Kenya In marketing or business contexts, this might be viewed as part of a "reputation management" strategy, especially when trying to cover up for poor quality.
If the explanations seem insincere or exaggerated to regain trust, it could also be considered "spin" or "PR spin."
@vivoenergykenya@Shell_Kenya In some contexts, it might also be called "damage control," where someone tries to minimize the negative impact of a situation.
If the explanations become excessive and repetitive, it's sometimes labeled as "rambling" or even "desperate justification."