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It's About How You Think

Written Joel Kruger | 2018-01-10 23:32:51 GMT

DON'T RUSH IT - I was thinking about the above today because I had been sitting back on this USDJPY short for many days, with the market not really going anywhere at all. We had seen a lot of up and down, and yet, nothing was ever compromised as far as my outlook went, which meant, I wasn't stressed in any way and was comfortable just sitting back and waiting for the trade to try and work out. This takes us into another important lesson I've learned in my trading. Quite often, our expectations for when something should happen are not realistic. The pattern is one in which someone will take a trade and although nothing has changed to alter their view, the person loses patience and exits the position. Now I want to be very clear here....I'm not saying to just hold for no reason and without a plan. I'm saying that when you have a plan and an expectation and things are moving the way you want, don't feel like it needs to be moving faster. Just sit back and have confidence that it will play out the way you thought. There is plenty reward in this as well.

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Joel Kruger
XM

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