Traders need to take a lesson from Dogs...
If more traders waited for trades as a Dog waits for a bone, you would have many of your problems solved.
So much of trading boils down to patience. You get rewarded for patience. You get punished for impatience.
A big mistake in #trading: FORCING TRADES! If there is nothing to trade, don't search for trades. Be patient and wait until setups pop up in your screeners and the market offers you a window of opportunity again.
Good trading is not about being right - it's about behaving right. Trying to win on every trade only causes suffering. Instead, focus on following your rules and executing on favorable risk-reward opportunities. Consistently putting the odds in your favor will make you a winner.
@MoneyTradeEdge The only trades that count are the ones that are REPLICABLE.
If you know you won't want to replicate a trade you're taking, then you shouldn't take said trade.
No matter the result, what does it mean if it's unreplicable, or in other words, if it's just a one-time thing?