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Newex

Registered: Oct 2012
Posts: 37

11-08-12 02:06 PM

Totally agree that you must refrain from trading especially at times you have a series of bad trades .

Not only patience is requitred but also a clear mind . A series of losing trades will cloud your judgement .

That doesnt mean that you wont monitor what the market ia doing . You just bench yourself to reevaluate your strategy and do some paper trading to regain confidence .

Ps Wht is that OP everyone is talking about . I 1st thought it was open position but not sure now

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R. Raskolnikov

Registered: Nov 2008
Posts: 4171

11-08-12 02:10 PM

Not really, except maybe the week between Xmas and New years. And even then I usually always get at least 1 trade per day.

Also, maybe the last week in August but that also depends on the year. Some years, August is fairly tradeable.

Quote from Discipline101:

Do most people here subscribe to the idea that there are times when you should completely stay out of the market? I was reading an article about it, and the guy said just don't even trade for long long periods of time.

Is that true?

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Eddie Z

Registered: Oct 2012
Posts: 22

11-15-12 08:20 PM

Quote from Discipline101:

Do most people here subscribe to the idea that there are times when you should completely stay out of the market? I was reading an article about it, and the guy said just don't even trade for long long periods of time.

Is that true?

Statying out of the market is a way to measure your level of "coupling" with the market. This is one of the ways to determine if you have created a trading dependency. Many traders do that, so they can see that they can let go. It is a way to balance yourself and separate trading from your daily life.

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