Trading deal or no deal? This is a question that many, many traders torture themselves with every. single. day. We only have so much energy to make decisions each day. Should traders really be wasting so much energy asking whether they are getting a deal or not?
Click here or in the video to find out what I recommend that traders focus on instead!
Doing The Right Thing At The Right Time
We can never know for sure whether we got a good deal on an order or not until we know the future. Which we can never know for certain. Ever.
One thing we can be certain of is that if you don’t take action, you won’t make a profit.
If your market timing is right, and you made the right move, you got a good deal.
Even if you paid substantially over mid prices for your order.
Even if the position is down money at the end of the day.
Even if you got the best price of the day.
If you’re timing is right and the decision to enter is sound, you did the right thing by entering. The price you end up having to pay, within reason, is far from the most important factor.
Watch this episode today to decide if you should put your decision making energy into asking yourself trading deal or no deal every time you put on a trade or direct it to something more useful such as focusing on the skills needed to be a profitable trader! And then continue to improve your trading mind by watching all of our future and past Trading Performance Podcast episodes!
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