Sometimes you will find that certain things happen when you are trading that might make you feel that the market is out to get you.
Here’s a couple:
- You have a choice between 2 trades. You pick the one which ends up a loser and the other is the winner.
- You set a limit order which is missed by a pip and the trade would’ve been a winner. Your very next trade is a loser.
- You lose a couple of trades in a row and decide to take a short break from trading. Afterwards you find out you could’ve had some great winners had you not stopped.
- You miss alerts that would’ve been winners and the alerts you act on are losers.
- Sometimes you commit to taking only those A+ setups (you commit to patience and discipline) and skip the more marginal trades. Then the marginal trades win and A+ ones lose.
- A trade that’s doing great reverses and stops you out because of some news / event.
- A trade is within a hair of your profit target reverses and stops you out.
Sound familiar? I’m sure it does. And I’m sure it’s something that you don’t enjoy.
But is the market really out to get you?
The market is not a person, it doesn’t have an agenda against you and it can’t be “out to get you”. And I promise that you aren’t the only trader that this happens to. These things happen to all traders, professional and amateur, alike. The difference is that the professionals accept it as part of the game… they don’t blame the market. Beginners tend to blame the market if such things happen.
Sure, you can put things in place to guard you from the same things happening over and over again. But you can’t do it for all of them. The market will, every now and then, produce something that will surprise us.
Markets are unpredictable and uncertain; you must accept this. If something happens that affects your trading negatively, and it’s not in your control, don’t take it personally. Don’t let things that you can’t control hold you back. Accept them as a part of the game, don’t dwell on them too long and move on.
Finally:
Remember that proper risk management will keep you in the game, especially if whatever happened resulted in a loss.
Thanks so much for reading. Hope you and your loved ones are well and safe.
Thanks and Regards,
Trading SOS SOS