If in doubt...stay out.

Of course, there's Mom's favorite...

"If you wish in one hand, and pee in the other,......."

Good ol' Mom.....

 

The best trades are the hardest ones to take

 

"...Life is very short, and there's no time for fussing and fighting, my friend..."

 

What'd you do? Murder the market?

 

If you're not certain you shouldn't take it (unless you are gambling).
The biggest thing that separates good from bad is discipline.

 

"The sea was angry that day my friends..."

 

If in doubt...stay out.
or
If in doubt, pull trigger immediately.

It depends on individual.
for me, if in doubt, pull trigger without hestitation.

 

"Whenever there is any doubt, there is no doubt."
If you doubt your system/method develop a new one.

 

It would be very interesting to know whether anyone has conducted an updated survey of trading accounts. It has always been said that 95% + of accounts lose money. What about the 5% who were profitable at that last survey date? Are they still around? Are they still profitable?

 

Here is IB's retail forex account performance for Q3. Doesn't mean anything because the % profitable this quarter can be the % unprofitable next quarter.

https://www.interactivebrokers.com/en/index.php?f=3731