Traders can get depressed because they knew the market was going one way or another; however, they failed to enter the market. Usually the response as to why they did not put on a trade is that they were waiting to be filled at the absolute best possible price (and never got filled), or only two out of three of their market indicators were present and they were waiting for the third. The net result of all this procrastination and hesitation is the trader was correct in Determining the market direction but his profit on the trade was zero. We don’t get paid in this business unless we put the trade on. Don’t overanalyze the trade. Place the trade and then manage it. If you’re wrong, get out. But you’ll never be right unless you actually make the trade. We have a system that if you see 2 of your 5 indicators lining up at the same time enter a small trade. If you see 3 of your 5 indicators lining up at the same time enter a larger trade. If you see 4 or all 5 of your indicators lining up at the same time enter an even larger trade. Then manage those trades for maximum profit. The key is to not over-analyze, over procrastinate, or hesitate. If you do you will lose or not make any money. You will just watch the chart patterns form and move on.
