Trading is a performance activity. So much of your success or failure comes down to your ability to make quality execution decisions in real-time.

And so much of that depends upon your ability to keep your focus OFF yourself, during those times when things are not going quite right.

Take the focus off yourself. And put it back on the market.

Especially when the first trade of a new session is a complete balls-up.

<image: Take the focus off yourself. Put it back on the market.>

I’m always a little cautious when there is a large gap opening. I even tweeted this out prior to the market open.

<image: Large gap opening - what's the plan?>

A key part of my plan was to relax at the open. Let the opening couple of candles form and then assess.

This can mean I miss out on an early entry, should the market drive with strength. But given the potential for good range there will be plenty more opportunity to get in.

So let’s go. It’s game time.

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

<image: Take the focus off yourself. Put it back on the market.>

The original article with this technique – https://yourtradingcoach.com/trader/its-how-you-choose-to-react-that-makes-all-the-difference/

PB Setup – https://yourtradingcoach.com/course/ytcpriceactiontrader/

Take the focus off yourself. And put it back on the market.

Smile, nod your head, and take a moment to express appreciation for the incredible way that price movement can sucker you into an impulsive decision. Even after all these years.

“Well played, market. I’ll give you that one. But the next one is mine.”

Happy trading,

Lance Beggs

 


 

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4 Comments

  1. Lovely! Always so insightful. Happened to me the last two days. I revisited last night YTC Volume II to reaffirm by brief as well as Dr Bret Steenbarger’ s book , The Trading Psychology, chapter, The Woolworth Man.
    Really helpful. Hoping to put it into practice today a nd make a good day’s trade
    Thanks Lance

    1. Hi George,
      Thanks. Much appreciated. And I’m pleased to hear you’ve discovered Dr Steenbarger’s books as well.
      Best of luck with your trading,
      Lance

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