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Trading Systems and Strategies
Price Action Swing Trading - The PAST Strategy
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[QUOTE="Nigel Price, post: 48244, member: 25485"] Asking ourselves why a particular pattern or signal didn't work out, or worse, blaming ourselves for a trade not working out, is a futile exercise. Every single trade has something unforeseen that can come along and blow it out of the water. So when a trade goes against us it isn't our fault. And similarly, when a trade goes for us, it doesn't mean that we are trading geniuses. We have very little to do with either outcome. Far more productive is to ask when a trade goes against us - "did I control my losses as tightly as possible" and when trade goes for us - "did I make the most out of that opportunity?" Perhaps you traded a weekly signal last week that didn't work out. If you can say to yourself truthfully that you were disciplined and controlled your losses, that trading week was a success. Maybe there will be a few more weeks to come until a winning week comes along. But they always do, sooner or later. When it does, the small losses are compensated for very quickly :D [/QUOTE]
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