Disliked{quote} Bundy was one of the good ones we miss around these partsGlad to see you digging into everything B I have been reading many of your posts. You gotta just keep demoing and demoing and learning from each experience. It really doesn't matter what we think price is going to do if we can't develop a good trade plan(or story as I call it). Many many times I have a good idea where price is going and might even find a "decent" setup but it's still not worth it in my book. The only time I truly care is when I put my money into the market and...
Ignored
The first book that got me really excited about trading was the Jesse Livermore story - and what I love about this thread is that one of it's core principles mirrors exactly what Livermore used to champion - Price is everything. One knows nothing about the market except what price is telling you. I loved the way that Livermore would exit a trade straight away if it didn't act in exactly the correct way - price was telling him a different story from what he needed to have a successful trade. He didn't hang around to see if it might chance direction. He didn't worry about 'being wrong', he simply cut it and moved on.
I'm sure you've said similar things in some of your posts - that if a pair doesn't show the correct momentum after a pinbar, for example, you will cut the trade? I'm afraid I still hang around, waiting to see if price will do what I hope it will do. And at that stage I have lost the edge, and am simply running on hope... Although I'm confident the right mindset and ability to execute trades correctly will come with practice and the many words of wisdom found here!
Cheers

We are what we repeatedly do. Excellence, then, is not an act, but a habit