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rgudgeon

How Much Weight Should One Put on Market Direction?

By rgudgeon, in General Trading

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Obsidian    10

Obsidian
Posted
Being flat is definitely a position.However,being flat is often,as you say,a missed opportunity.If trading is viewed as a job (which is the way i view it) then the OP is unemployed.

When i miss an opportunity,i tend not to just shrug and say oh well,there's always another trade.I tend to think that i am not doing my job as well as i aim to.While i am not losing money i am losing time.And time cannot be reclaimed.

Personally,I have a very low threshold for tolerating excuses to justify my mistakes,as to why i missed an opportunity,or why i broke a trading rule,or why i took a profit too early or let a loss run past my stop.

 

Sure we all have different trading style and system. I like to be in the market when I have high probability of winning according to my strategy. If I am uncertain, then I just leave it alone. Sure I lose time by missing opportunities, but I don't get any extra risk or stress.

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