I was once told by a very wise man: "Take your time picking a good trade. Don't trade for the sake of trading. The market can always wait. It won't run away."
I can't stress how true that is. Walk away when there are no good trade set ups. Or, you can trade with your gut instincts when the rules don't align and find yourself regretting afterwards. The reason we picked up trading in the first place is because of its flexibility. Not because we like being enslaved to the monitor sweating over trades that's not supposed to be entered. Sure, winning can be addicting when you don't even know the reason behind the the trades. But it can become a very bad habit. You long for the excitement of winning. You want to experience that moment when your trades hit TP. You slowly forget the purpose of trading and you start questioning why trading is so difficult. Trading becomes nothing but gambling for expensive thrills.
The game is simple- to stay in the game and win. Walking away when there are no good set ups is winning. Money not risked is winning. Learn to plan your trades and then trade the plan. Anything outside of the plan is purely emotional gambling. You win some, but you lose more.
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