Ten Times When A Trader Should do Nothing
- When you are confused and don’t know what to do, do nothing.
- There are no set ups on your watch list, then don’t trade.
- You are a trend trader and there is no trend to trade.
- The market is extremely volatile due to headline risk.
- You want to make an option trade but the options are illiquid with a huge bid ask spread.
- If you are trying to trade supply and demand but the government keeps interfering with your market, pick a different market.
- 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.
- You are a momentum trader but their is not momentum, then wait.
- 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.
- If you are not at your best mentally and emotionally then don’t trade until you are.