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
In recent months we looked at a number of metagame examples – trading at places where the "the other trader" feels extreme stress or fear. You'll find some of these articles, if you missed them, here, here and here. Today, I thought we could look at another one. Because I just LOVE these setups….
There was an article sent out four weeks ago (Today – Anything Can Happen) which discussed a simple mindset trick to help you separate your narrative about the world from your job of recognising and adapting to the actual market bias. While the “real world” suffers through the ongoing trauma of 2020… it can be…
This example comes courtesy of some email Q&A, from a reader of theYTC Price Action Trader. (Yes… the YTC Price Action Trader principles and strategy can be applied on longer timeframes than those I trade!) Email: Hi Lance, Check out this really cool trap on usd/cad. If you zoom out on dailies the situations is…
I love layered levels of support and resistance (multiple levels within close proximity). A primary reason is that they simplify our trade plan. There is no doubt about the direction that we’re looking for trade opportunity. Like last Monday… Keep an eye out for layered levels of support or resistance as you establish your S/R…
Don’t make things more complicated than they need to be. This setup is simple and it appears time and time again. Sell a rally to resistance in a downtrend Buy a fall into support in an uptrend Here’s one recent downtrend example.
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.