Learning When Not To Trade

When is it not a good idea to trade?

1. Low volume times
2. Choppy Markets
3. Day before and after Holidays
4. Lunchtime
5. When you have problems at home.
6. When you feel ill.
7. ?????

 

7. During an ether binge.

 

8. Days with a flat trend.

 

9. When your success is due to luck.

--Db

 

when you have software or internet connection problems.

 

Getting flat for an economic number release or Fed announcement can be a good idea.

 

After you have had X number of consecutive losses for the day...mine is 3.

After you have lost X number of dollars for the day...mine is $150.

 

Because you need the money.

 

One of the most important aspects of trading is
To learn when not to trade.
Keeps your capital intact...

 

After reading Cathy's posts I always get the feeling there is a nice plate of fresh warm chocolate chip cookies and a big glass of milk right next to the keyboard. She and Bob are just looking at some pictures of the grandkids in their Christmas outfits, unless of of course they are Jewish and then maybe not.

"Oh look Bob, there is a trade."

"Take it sweetheart, it's your turn to click the mouse."

"Oh Bob, after all these years, you're still so good to me."

You gotta love it!