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
I had an interesting email exchange with a trader a couple of weeks ago, who is struggling with occasional massive losses. I've had the opportunity to speak to a LOT of traders over the last 8 years of writing these articles. You'd be surprised at how common this problem is. We discussed several options…
This recent social media post is just SO IMPORTANT, I thought we should expand upon it and get the ideas out to the whole YTC audience. This is just a perfect example of a growth mindset, viewing losses as feedback that serve to drive further improvement and growth. There are two things that I love…
One thing I love about the really low timeframes is some of the unique patterns they create. One of these is the ledge… or multiple bars pushing against one price level creating a short-term support or resistance level.
The most reliable price swings are those following the point of realization of a trap. My trading strategy aims to have me trading as one of the trappers, rather than one of the trapped. Does yours?
I received a great email during the week from a trader who trades the E-mini S&P (ES). Let's check out an extract from the email: Hi Lance, I am on my second reading of YTC PAT and in the last couple of days read, again, about Increased/Decreased projection being an indicator of potential trend strength/weakness….
Let me share some great email Q&A. Firstly because this question will be relevant to many of us. And secondly because if you have some other thoughts on this issue I’d love to hear them. Feel free to add comments below the blog post. QUESTION: Your job as a trader is not to watch every…
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.