Good Trade

  • A good trade is taken with complete confidence and follows your trading method; a bad trade is taken on an opinion.
  • A good trade is taken with a disciplined entry and position size; a bad trade is taken to win back losses the market owes you.
  • A good trade is taken when your entry parameters line up; a bad trade is taken out of fear of missing a move
  • A good trade is taken to be profitable in the context of your trading plan; a bad trade is taken out of greed to make a lot of money quickly.
  • A good trade is taken according to your trading plan; a bad trade is taken to inflate the ego.
  • A good trade is taken without regret or internal conflict; a bad trade is taken when a trader is double-minded.
    • A good trade is based on your trading plan; a bad trade is based on emotions and beliefs.
    • A good trade is based on your own personal edge; a bad trade is based on your opinion.
      • A good trade is made using your own time frame; a bad trade changes timeframe due to a loss.
      • A good trade is made in reaction to current price reality; a bad trade is made based on personal judgment.
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