Sometimes when you see a sharp rally, you want to short it. You think it's already gone up so much, it has to pull back, right? Why not short? You feel like it should be simple to return to the familiar range you know—you've been there so many times before, this time it will definitely work.

But don't forget, trading ranges can change. Range-bound trading is suited for consolidation markets—short rallies, buy dips, with stops placed at resistance and support levels. When the range shifts, don't rush in. Going against the whales like this is just handing them your money. Our pockets aren't as deep as those Wall Street guys. Ether pulled back 40 points yesterday and kept rallying—you can imagine what that means. At times like this, keep your hands off the keyboard and don't fomo—that already puts you ahead of over 50% of traders.