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Best Practices

10 Mistakes to Avoid When Using the TopWorth Indicator

Published by The Top Worth Team

A red X over a trading chart.

The TopWorth Indicator is a powerful tool, but like any professional instrument, its effectiveness depends on the user. To help you get the best results, here are the 10 most common mistakes traders make and how you can avoid them.

  1. Ignoring the Dashboard: Taking a buy signal when the higher timeframe trends are strongly bearish is a low-probability trade. Always check the dashboard for confluence first.
  2. Trading During Major News: The indicator is a technical tool. It cannot predict the outcome of high-impact news like FOMC or NFP. Avoid trading in the minutes immediately before and after these events.
  3. Risking Too Much: Even with automatic SL/TP levels, you must follow proper position sizing. Never risk more than 1-2% of your account on a single trade.
  4. Taking Every Signal: Not all signals are created equal. An A+ setup has confluence from the dashboard and often occurs at a key Supply or Demand zone. Be selective.
  5. Not Understanding the "Why": Don't just trade blindly. Understand *why* a signal is appearing. Is it a trend continuation? A reversal from a key zone? This understanding will make you a better trader.
  6. Using it on the Wrong Timeframe for Your Style: If you are a swing trader, don't focus on the 1-minute chart. If you are a scalper, the daily chart trend is less relevant. Use the timeframes that match your trading plan.
  7. Forgetting Price Action: The indicator is a guide, not a replacement for reading the chart. Pay attention to candlestick patterns and market structure to add even more confirmation to the signals.
  8. Revenge Trading After a Loss: The indicator will have losing trades. If a trade hits your stop loss, don't immediately jump into the next signal to "make it back." Stick to your plan.
  9. Failing to Demo Test: Before using real money, spend time on a demo account to get a feel for how the indicator behaves on your preferred assets and timeframes.
  10. Expecting it to be a Holy Grail: The most important mistake to avoid. The TopWorth Indicator provides a statistical edge, not a guarantee of profits. Success is a combination of a good tool, solid strategy, risk management, and disciplined psychology.