Planning a trade and getting into it are two different skills, and the gap between them is where a good setup on the chart turns into a mediocre one on the account, because the price filled at rarely matches the price imagined in the plan. The level you planned vs the level you got A limit order fills on the planned level. A market order sent after price has already moved fills further along, at a worse price, the gap known as slippage. ...
Chasing the first strong candle of a move feels like the obvious thing to do, and it’s usually the wrong one. The traders who wait for price to pull back first tend to get a better price, a clearer stop level, and confirmation that the move has real support behind it, all from doing less rather than more. Why the pullback is the better entry An impulsive leg, a pullback that doesn’t erase it, and a continuation from a much better price than chasing the impulse would have offered. ...