You can't catch every good price move.
You can't catch everything. If you miss a good move, remind yourself:
Now focus. There is more opportunity coming and it needs your full attention.
Happy trading,
Lance Beggs
What is the greatest risk you face in trading? Is it loss of money? Certainly, that’s what most traders believe. I tend to disagree though. In my opinion we have something much greater at risk, that very few of us consider during the ‘learning phase’. The American political journalist and author, Norman Cousins, is quoted…
A trade sequence from earlier this week prompted me to revisit the Reassess Point; a concept introduced almost a year ago here – https://yourtradingcoach.com/trader/the-reassess-point/. In that article we explored a change of mindset that helps avoid the frustration associated with premature exits and missed opportunity. This is how most of us are taught the game…
Entry to a counter-trend trade can be difficult to time, especially when it’s not in the vicinity of any significant S/R level. And particularly when it just keeps grinding a little further, then a little further again; always offering what appears to be tempting entries. (Note: the example here uses a trading timeframe of 1 min, with…
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I once heard a statement by Rebecca Fine of www.scienceofgettingrich.net that says something along the lines of “If what you’re thinking about isn’t something that you want to have happen in the next three minutes… get rid of the thought and think something else.” While that’s a great way to live your whole life, and…
Yes, absolutely agree… “You can’t catch everything. If you miss a good move, remind yourself: It wasn’t mine to take. If it was, I would have caught it.” Words of wisdom, should be posted on the wall, as a reminder!
Great site for the Day-traders, hats off.
Thanks Dave. Much appreciated.
Really like the phrase – “It wasn’t mine to take. If it was, I would have caught it.”
It’s a simple change in perspective. But so incredibly powerful in its ability to calm the mind and ease the frustration.