"It’s better to be out, wishing you were in, than in wishing you were out" -Tom Hougaard
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How often do you trade ? if you are comfortable discussing about it.
Good reasons to not be in trades -
- the chart is not giving you your required set-up in which to take an entry signal
- your strategy has started to drastically under-perform
- the market is showing (or you anticipate) excessive volatility, unpredictable moves and wide spreads
Bad reasons to not be in trades -
- you have hit your daily profit target
- you have hit your daily loss limit
- you have had 3 consecutive losing trades (or 4 or 5 or X)
- it is 10:30
- you have got back to break-even
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Thank you so much for all the comments, guys, I hope you keep sharpening your trading skills.
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It is important to understand that strategy is an extremely important aspect to work with. This greatly affects the results of the work.
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No trading means being afraid to trade, which is not the right thing to do.
Or it means you’re smart enough to know WHEN to stay out.
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In my opinion, traders should take a short break if they don’t want to trade for some time.
i guess it depends on your versatility no? nevermind you guys are way too smart for me i got my head up my
Oh. That came out of nowhere. Hahaha.
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