【Real-time market】Today I made the decision to "not enter"
Hello, this is Lucky.
I've been watching the market since this morning, and even as it nears 8 PM, I still haven't entered any trades.
And ahead there are major economic indicators.
So today I made one decision.
“Today, I’m not going to do anything anymore.”
Back when I just started FX, this was hard to do.
When you watch charts for long periods,
“Since I waited so long, I want to enter.”
“Today I haven’t traded even once.”
You inevitably feel like entering..
But in the market,
not trading is also a respectable form of trading.
If the good wave doesn’t come, don’t ride it.
If danger is approaching, don’t forcefully go for it.
What I’m currently working on
“Lucky-style Full-time Trader Development Project”
is precisely about this aspect.
It’s not just about memorizing entry points.
Enter
Wait
Pass
Learn to judge these three for yourself.
I believe that only when you can do this, you’ll have the power to trade for a long time in the market.
And the interesting part starts here.
Today’s decision to pass—was it really correct?
I’ll trace how the market moved afterward.
If it went up, it’s right. If it went down, it’s wrong.
It’s not that simple a matter.
“Why did you pass at that point?”
Examining that decision and turning it into experience for the next trade.
This is the kind of trading study I believe in.
I’ll share the results in the next article(^^)