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If the market does things in two’s, could you consider trade entries on the first move in the direction too early? Yes and no.
In a fast moving market, many times there is a pullback and the next impulse move just keeps on going. It happens and you will just have to miss a trade. Many times though, those that take first moves as their trade entries have the market go against them, stop them out, and re-enter to help fuel the trade back into the trend direction. Understanding this leads to our topic which is trading second attempts or second entries. In this introduction, it is impossible to cover the nuances involved in second entries but let’s cover 3 important tips for those not experienced with trading them:
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