Rules, rules, rules. If the trade setup is not there, don’t trade! This is a profession where we don’t get paid to show up at work. We get paid if we are right. We dramatically increase the probability of being correct in our assessment of the market by following our trading criteria for high probability trade setups, exercising sound money management and reward to risk. If we can’t find a trade that meets this…we must sit on our hands or go do something else. There will not be trades setting up for us each day…the market doesn’t work that way. Be patient and come back each session and follow your rules. The trade setups that meet our criteria will reward us handsomely over time.
The week has only just begun. Let’s see what tomorrow brings us.