Thursday, February 10, 2011

TIME...


"The waiting is the hardest part..."


"And then one day you find,
ten years have got behind you,
no one told you when to run,
you missed the starting gun.."


I've been waiting for good trade set ups (i.e. "my edge"). But the past couple of days I haven't been able to find any that I like. You must remember that you'll run into times like these and you are MUCH BETTER off not just taking any trade in order TO trade.

Yes - it IS VERY important to keep your trading account using your set maximum trading capital employed in active trades as much as possible. Just don't sacrifice quality for quantity.

These type of times are most dangerous because you are more prone to let down your guard and try to get into more action. But, you are much better off to wait and use that trading capital to get into a GOOD trade rather than just get into a MEDIOCRE trade. NEVER EVER EVER EVER EVER GIVE UP YOUR EDGE - EVER EVER.


If you want action - then play a video game instead - it'll be much cheaper in the long run. If you want to make money - then time and patience are to be respected.


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