There are traders that lose money month after month, and the reason is that they always rush into trades without studying them carefully and seeing which way the trend is going or waiting for any sort of retracement before entering the trade. They see a breakout on a currency pair and put in orders to buy, once the order is filled they spend the next hour complaining that they bought the high of the move. They always seem to buy when the currency has had a big run up in 10 minutes.
They are scared to miss a big move, and so they rush in and then wonder why they can’t make money. The worst part is that they tend to exit these trades at the bottom of their retracement because they can’t take the pain anymore, and then watch the trade go to new highs, where they buy it again.
Develop patients, discipline, and observation of which way the trend is going. Once the trade comes to you get in and go for a nice ride not a journey of pain.