Sometimes the best trade is no trade

Last night I had one excellent short trade after, but shortly afterward my Benzinger Pro news feed went down. At that point, I stopped trading. Could there have been more opportunities? Absolutely. But without access to the news, I couldn't properly analyze what was moving a stock, and that's how I trade. I'm interested in guessing or gambling. Every trade I take has to be supported by evidence- Price action, volume, news, and probability all have to align before I risk a dollar.

One of the hardest lessons in trading is learning that doing nothing is often the highest-probability decision. Discipline isn't just knowing when to enter a trade, it's knowing when not to trade. If I can't properly analyze the market, I don't trade the market. Capital preservation is just as important as making money. Sometimes the best trade you'll make all day is the one you never take.

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The real battle in trading: Mastering your emotions