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
It seems that most of the examples of market traps which I've shared over the years, were all traps which trigger very quickly. We all like the quick ones. They're easy. Like this one: See here for the TST, BOF & BPB Setups. Let's see what happens as price breaks the swing high at…
The whole analysis process for a novice trader is aimed towards finding a winning trade. Sure, they know intellectually that not all trades will win. But surely this one… the one they worked so hard for… the one that all their analysis says is a good trade… it's just got to win! And then…
One of the aims of your journaling process is to build a collection of near textbook-perfect examples of each of your trade setups. And from these, develop awareness of the factors which lead to increased odds of success. Friday, 21st June, offered an absolutely beautiful Breakout Failure setup. Let's start with a 5 minute…
Last week we looked at the following chart sequence showing an obvious symmetrical triangle pattern within my higher timeframe chart. See here if you missed the recent article – https://yourtradingcoach.com/trading-process-and-strategy/higher-timeframe-pattern-breakout/ I don't know if I was somehow influenced by that article. I don't usually look for patterns on the higher timeframe chart. It's primary…
The quicker you can recognise that you're wrong… the quicker you can become right. Here is a useful rule: Two Attempts – Then Reassess! After two attempts at a trade idea, if it hasn’t worked, it’s clear that something is not right. You’re not in sync with the market. Either: You have misread the…
One of the common email questions I get through my website relates to difficulties in sticking with stop losses. Some traders don’t place one in the market at all, promising that they’ll get out when price hits a certain level. Of course, when price gets to that level there’s no shortage of reasons why they…
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.