I look for signs of fear, greed, panic, euphoria, traders who just made a mistake and and haven't realized it yet, or a trend asserting itself and slowly crushing anything in its way. Absent any of those, I try not to trade.
According to my trading log - on which I never, ever lie - I seem to have great fortune at avoiding the days when I would have lost money.
This all depends on your strategy and the type of person. But for me, I generally say...There's always Money ..to be made, in the Market -- every, single trading/business day,
I think most days are fine to trade, but not all days are equal. So, you'd need a way to recognize what kind of day you're trading and trade accordingly.
"When not to trade". Simple answer: when the VIX is below 13....unless you are doing credit spreads with options....and selling premium. Even then, the selling premium strat could screw you if there is a VIX spike.
Hello, Everyday is good. Whenever, I see a trade setup, i take it. I stop trading when I have reached my target for the day or reached my max daily loss.
I see a lot of reasons for "not to trade": surge of emotion, poor technical analysis, lack of necessary experience, fatigue etc. The most important thing is to know when to stop trading for a while. Guys, thank you so much for your posts.
When not to trade? When I'm sick..., on vacation..., mentally lethargic / not completely engaged Mkt not providing exploitable opportunity These are non negotiable RN
Sleep deprived. Need sleep to trade. When ruminations of other things clog my mind, it is not the time to trade. When I realize I am not respecting the market. The market is in charge. I am just following it I can not control it.