If I am not in a winning position then I am on the sidelines. Right or Right Out.
Trading is discipline.
If we can’t keep our heart rate within sigma #1 then we better cut the position in half.
Learn to lose. Small and Often.
Enter once the action / reaction of the market is leaning towards your best judgement. Set the targets (One Cancel the Other) and let the market work for you (in average).
Or wait for your obvious and easy signal to exit the position without being tortured by the noise in between.
Wether you lose, or win, on this particular trade shouldn’t bother you. What matters is your ability to take the next one (Survival).
+ the PnL over the next 100 transactions.
Why are you feeling this way ?
Find the painpoints and solve for them.
Is it about the Plan ? Execution ? Else ?
You can’t be worried about each and every adverse tick … If your target is 10 ticks and the immediate bias is around 60/40 then the market’s likely going 30ticks in your favor and 20ticks against you (in average).
It’s said to think in terms of probability or expectation value.
