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
We've spoken in NUMEROUS articles about the importance of using a journal to study key market structure and price action sequences, with the aim of developing your ability to perceive and understand the current strength or weakness of price movement and project that forward to develop a bias for the near future. Here are…
I received some interesting comments about a trade in a recent article – https://yourtradingcoach.com/trading-business/the-good-the-bad-and-the-ugly/ Here's an image from the article, showing the entry SHORT against a single wide-range bullish candle. Review the original article if you want to see the context behind the trade. For now though, I want to discuss some concerns that…
One of the most common email questions I receive at www.YourTradingCoach.com is on the topic of stop running. Sometimes the question comes as a result of the trader having been stopped out on too many occasions by just a tick or two, leaving them to watch from the sidelines while the market then moves in…
This short article is to share some excellent Q&A following our recent series on "patience". Check out the prior articles if you missed them: Part 1 – https://yourtradingcoach.com/trader/patience-is-a-key-component-of-your-edge-part-1/ Part 2 – https://yourtradingcoach.com/trader/patience-is-a-key-component-of-your-edge-part-2/ In particular, it relates to the period of "emotional reaction" in last week's trade sequence: Q. Won't I be annoyed if…
Last week we discussed one of my current favourite plays for the first 30-60 minutes of the session – targeting the overnight high (ONH) or overnight low (ONL). You can review last week's discussion here. Just a few hours after sending out that email the market opened again. And the same concept played out…
The following article comes courtesy of an email I received from an equities trader (daily timeframe) who was working to improve his pullback entries within a trending environment. His challenge was that while the market was maintaining a steady state trend with no real signs of weakness or topping action, how exactly should he be…
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.