4/ Know When NOT to Trade


Losers feel they always have to be in the market.
Profitable traders know that the best trade is often doing nothing.
- If the market is ranging with no clear direction, they don't trade.
- If they don't see a clear opportunity, they wait.
- If they've had several consecutive losses, they step away for a while.
Money is made on good trades, not on the quantity of trades.
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