<https://community.ig.com/forums/topic/742-turtle-soup-anyone/#comment-8896>
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"Yes, FOMO is a killer but very understandable as all new traders lack confidence and so watch a set up go by uncertain, then try to chase after it. \nThe 20 sma (ema) is a great tool used on it's own or in the Bollinger Band package, (Tradeciety do a great piece on BB too). I know a great number of experience traders have used BB all their careers and swear by it. The 20 ema is the same as any indicator, if a lot of traders use it becomes more reliable rather than by any mystical properties (self fulfilling prophecy). I wont usually take a trade against it, not only on my own smaller time frame chart but also if price is on the wrong side the 20 sma on the hourly chart. Meaning I always want the 20 ema on the hourly chart to be behind the trade not blocking it. \n  \nYour point about stops is right and it surprises me hearing people widening their initial stop to 'give the trade a bit more room' There is only one place for a stop and there it should stay until you can comfortably move it in the direction of the entry price, never the other way. You need the stop to be in the same place as the bigger players because only they have a hope of defending it (taking the opportunity to add to their position) if the level comes under attack. \n"
<https://community.ig.com/forums/topic/742-turtle-soup-anyone/>