Today we have seen high volatility on majority of forex pairs and frankly speaking, I wasn't expecting such volatility on first Monday of the month and was able to take only one trade, which ended with a loss of 0.58R. Although there were many opportunities to enter and make some pips, I was reluctant to get involved and not eager to trade. My today's action reminded me of something I read few days ago, which is so true.

Markets some days are very structured and its simple to find a point and get involved and someday its a bit hard. Price behavior changes, what differentiate a great trader from a good trader is to acknowledge that and act accordingly. Some times there simply is no trade and when there is a trade and you have done your hard work and due diligence then there should be no stopping you . You should trust your self and your analysis and think to your self "if the same setup was presented to me would i take it 10 times " if the answer is "YES" then close your eyes and take a deep breath and shut out all the noise and trade your PLAN. There is no money to be made sitting on fence.

Lesson learn't......
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