You can't win unless you are in

You can't win unless you are in. Those professional institution players love to hear from their opponents.

Many traders have this same attitude. They believe that the best way to make money in the market is to always have trades in play. Just as soon as one trade is closed, they begin looking for the next trade to jump into. Their capital is contantly being moved from one trade to the next.


Seems like those players who get the entertainment and enjoyment of excitment by placing bets in casino. After all, stock trading is just a form of entertainment instead of SERIOUS BUSINESS VENTURE.

Our primary of stock trading is to make reasonable return on capital placed at risk, then trading becomes a SERIOUS BUSINESS VENTURE. We must develop calm, patience, self-discipline, the ability to think logically, to form a trading plan and to execute the plan without hesitation or deviation.

Always wanting to have trades in play is a Big Mistake. Most traders with this approach will lose continuously. Their trade accounts dwindle down to nothing and they begin to seek another form of entertainment.

There is a time to trade and a time to stand aside

Serious Trade must plays a hand when you have an edge with less risk.
There are times in the market when the trading conditions swing the odds against a successful trade. The market is a very unfeeling, unforgiving monster which will take the funds you place at risk without hesitation or remorse.

Knowing when to stand aside is just as important as knowing when to trade. Without knowing when to trade and when to stand aside, one is simply trading blind.

There are times when one should not be trading at all, the risk far OUTWEIGHS the potential rewards. and these times may be lengthy. But the frustration of not being able to trade is greatly preferred to the frustration of making losing trades.