One of the difficult things about trading is learning to sit on your hands and not take a tempting trade. We don’t get paid to show up and be at our trading desk. We only get paid if we are right in our selection and execution of a trade.
In order to have a high probability trade, all criteria must be met. If it doesn’t meet these criteria, it falls short of being a high probability trade and we must pass on the trade. It’s better to pass on a trade than to take a lower probability trade and lose money. It’s ALWAYS much better to pass on a trade, than to take a trade that doesn’t meet our criteria. The best strategy in a given session may well be… not to trade. The market will always be there tomorrow.
Plan your trades and trade your plan.
Keep it Simple to be Successful.
Let’s see what tomorrow brings us.
Good luck and stay disciplined.
