25 Sep 09252020 Gold Nugget
I learned that my reading of price action gives me either clarity or it does not. The lack of clarity can be due to simply not understanding the narrative due to lack of experience and knowledge or simply because the market is not conducive to any good trades today. Whatever the reason for the lack of clarity my default setting is: do not trade. Usually when I have a good understanding I have the confidence to take a trade. Usually when my SL is hit it was the wrong trade to be in. If it was simply a move that did not work out I rarely get a full stop hit. Today, I went with aligning myself with narrative which I did well. Took trades based on my assumptions but due to either not fitting my rules or clarity level I opted for a paper trade to figure out if my assumption of narrative was correct.