MOT #85 - Action Needs To Conquer Caution
Summary: Leave a voice message and you might be on MOT: http://www.tradingpostfinancial.com/mot ------- We all need to be disciplined along with using good money and risk management skills, yet too much of anything can cause problems. Sometimes we put so much attention on caution to ensure that we only make good trades that we reduce our actions to the point that we miss so many strong trading opportunities. Every time we begin our trading sessions, we need to communicate to ourselves that we will be confident, prepared and most importantly... committed to executing trades when our analysis shows that a good trade is in front of us. Never allow the market, the news, your friends, your past trading session or anything else send you a false signal that causes you to sit back and do nothing when you can easily see from your training that you should execute a trade right now.