Ten Times When A Trader Should do Nothing

1. When you are confused and don’t know what to do, do nothing.
2. There are no set ups on your watch list, then don’t trade.
3. You are a trend trader and there is no trend to trade.
4. The market is extremely volatile due to headline risk.
5. You want to make an option trade but the options are illiquid with a huge bid ask spread.
6. If you are trying to trade supply and demand but the government keeps interfering with your market, pick a different market.
7. Your stock reports earnings the next day and you expect a powerful move but it could easily go either way, wait until after earnings to trade.
8. You are a momentum trader but their is not momentum, then wait.
9. You play the long side only and the market is in a correction or a bear market, wait for a new trend to the upside.
10. If you are not at your best mentally and emotionally then don’t trade until you are.