Quote from NoDoji:
If you hesitate, you're either afraid of losing trades or you're afraid of uncertainty in general (meaning you either don't have a statistically valid plan or you doubt your ability to remain steadfast in an environment of constant uncertainty). I
imo hesitation in general is a result of the market never being the same twice. meaning, context + setup are never the same twice. in order for that to happen every trader in the world would have to make the same exact trades at the same exact time to produce the same two exact setups twice. i can accept the nature of probability but unlike a casino where the roulette wheel is always the same, the black jack cards are always the same, the market is never the same.
so hesitation to me is a product of "but". yes this 'looks like' its in my plan to take this BUT, its making me buy a little high, BUT, is this really a third leg?, BUT, bar is too big, too much risk, BUT, this second entry is a bear bar, BUT, we are right below the moving average, BUT, the channel is too steep. BUT, is this a second entry buy or a third entry, the previous leg wasnt clear, BUT BUT BUT BUT BUT, there is always a freaking BUT.
find me this setup, that took 20 bars to form, a couple times a week and i have no doubt id be a millionaire in a year.
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