Some of our traders have been having a rough couple of days, and so we thought this would be a good occasion to point out two things: a) this happens to the best of traders, and b) it doesn\u2019t mean you\u2019re in a slump. Translation: all traders go through rough patches, but you\u2019ll improve if you remain focused and wait for your best setups.<\/p>\n
It happens all too often that a trader having a bad day will compound the problem by entering into trades that he or she normally wouldn\u2019t trade. Don\u2019t do it! You know what your best setups are, so stick with them. You know what your trading style is, so don\u2019t deviate it from it. You have your trading rules, so don\u2019t break them. And, lastly, do remember this helpful tactic: walk away. Yes, take a break, clear your mind, and come back refreshed.<\/p>\n
And when you do come back, don\u2019t just jump back into the market. Instead, take a moment and use your clarity of mind to watch the tape of a previous solid trade. This is always an excellent thing to do, because watching and reviewing your best work will put you back into the proper frame of mind. After all, when you remind yourself of how well you can trade, you\u2019ll be ready to make another good trade.<\/p>\n
We\u2019ve gathered several blog posts that should help. They are listed below, and, as always, good luck with your trading!<\/p>\n
If you feel you lack trading skills, let us know. You can always contact us for training.<\/p>\n
Mike Bellafiore<\/p>\n
mbellafiore@smbcap.com<\/p>\n