I miss a lot of trades. It seems that I’m either too slow, or too quick to enter, or the market always moves when I’m not watching. What can I do?

I know when I was first starting out in my trading life, I missed a lot of good trades. There were a number of reasons…some of the normal ones (fear being the most obvious)…and some rather obscure and related to my "history of life". At times, upon reflection I could see that I was doing things that were, plain and simple, "self-sabotage".

I’d do things like wait and wait for a setup…and EVEN KNOWING that it was "just about time to trade"…I’d need a drink of water. Or go to the restroom. Or make a phone call. Or check my email.

All of these things are "self-sabotage", and rooted in fear.

And…fear is a very difficult thing to overcome.

One of the easiest and quickest ways to overcome fear in trading is…to…uhm…trade. Pull the trigger. Don’t overanalyze or predict (and THAT is a tough one for us logical, process-thinking types). Learn to trade while looking for High Probability Setups. Then execute the trade. Get in. Get out. No hesitation. Live with the outcome (because there’s nothing you can or could have done about it once you have made your decision.) Then, move on to the next trade.

Like everything else in life…this will take practice, and will only improve with (1) the RIGHT trading method for YOU…like the Logical Forex Trading System, and (2) experience actually trading..with real money.

Think about it…any time you start something new, you go through a process. The, you finally "figure it out" (often at a simple level, but good enough to move forward). After you’ve figured it out, then it’s just a matter of a continual process improvement. And, remember, you’re a logical person, so this will come easy to you.

The psychological/mental side of trading may not come so easy.

I’m here for you though. :-) I’ve been through it. Every now and then, I get some not-so-gentle reminders that…that I am very human. I’m not Mr. Spok. And, it will take me some time to get re-grounded…but I do that quickly because I erase the emotions of a bad trade by IMMEDIATELY looking for the NEXT HIGH PROBABILITY TRADE. It’s the easiest way to "recover". And, on those odd days that "nothing seems to work right", I just go do something else.

That’s one of the nice things about the Logical Forex Strategy and Trading Method. We can trade a tiny portion of the day…and be done…(almost always less than 1 hour)…and go do something else. It’s refreshing. And, it’s freeing.

Make sure that you are truly committed. Concentrate during your trading session. REALLY concentrate. (You don’t need to "think" so it’s not nearly as exhausting as the "thinking mode" you’ve probably spent most of your life doing). Don’t trade more than 1 session of 1 hour. (Some people may be able to do more, but…why? — well…because you love it! but be careful of getting too tired to trade). Be sure to take breaks between market sessions if you’re going to trade more than 1 in a day.

The general idea though is…with the Logical Forex Trading System…find a 1 hour trading time where you will look for the most High Probability Trades using your Logical Forex Indicators. Find that one trade…and take it. It may happen 5 minutes into your session, or it may take the entire hour. If you’ve made a good trade, stop for the day. Really. (You can define a good trade as ANY trade that you took that was High Probability…even if it did not work out profitably for you.) Hopefully, your trade was profitable. Hopefully you traded more lots, and not lots more often. Now, stop trading…and go change somebody’s life. :-)

Remember that in ANYTHING you do, you have to be in a certain mindset…but especially so when you trade…thinking ONLY about trading, and not trying to solve some nasty problem (technical, life,or otherwise). If you feel ill, don’t trade. If you’re tired, don’t trade. If you just don’t want to trade, then don’t trade. Make sure that when you sit down to trade, you are fully committed and engaged, and that you will not be interrupted. That’s not so hard to do for a 1 hour period, is it? (No! You do it all the time!)

Okay…a final note of humor…or is it?

If the market is "still and quiet", and not moving at all…here’s a trick you can use to make it move. :-)

Get up and go to the restroom.

However long you are away from your trading platform…is exactly how long the move will last. And, it will be a very profitable move, with extremely clear entry and exit signals.

Actually, don’t let this bother you. There WILL be another trade…likely just as good…maybe even the same day (or maybe even the same session as the market "retraces". The forex market is huge…and ongoing…and there will be plenty of GREAT times to trade, especially with the Logical Forex Trading System…taking our tiny little sliver of pips…but with as big of lots as we can afford…truly stress-free trading.

Oh…and by the way…if you want that slow and boring market to remain that way…just keep staring at the charts. :-)

PLEASE know that I am joking here! You MUST be prepared to "stare" at the charts waiting for the High Probability Setups. You MUST be patient. You MUST be committed and determined. If an opportunity presents itself, take the trade. If nothing happens during your session, then try again tomorrow. However, if you have many of these "boring sessions" in a row, you may need to consider a different time of day to trade…in a more active session.