You can spend weeks stalking a chart and have the set up work perfectly, only to have the name reverse, sometimes in the same day.
You put all this work in and the name doesn’t have the common courtesy to go up…
How do you feel about that?
For some of you, it can lead to disappointment or anger.
If that’s the case, you can sometimes become derailed and trade on those emotions – whether you have systematized rules or not.
It’s important to remember that we are guests at the market’s party and we’re lucky enough to be invited in the first place.
False breakouts and reversals don’t care when you get long.
Sometimes the market is not amenable to your trading style.
It has nothing to do with you or your ability so you might consider not taking it personally.
Click here to get your free copy of The Inner Voice of Trading audiobook.
- Don’t go jumping strategies because your model isn’t firing - September 25, 2020
- Sit on your hands and don’t jump the gun - September 24, 2020
- Surrender and streamline – focus on what you do best - September 23, 2020