Never Take a Trade Because of Fear of Missing Out

December 7, 2015

In today’s video I took a trade that was timed poorly. The reason I made the decision to enter and break my rules was because I was afraid of missing out on the profit on the trade. I am sharing this because it was a good lesson that I already knew and sometimes I have to learn lessons over and over again. Fortunately for me I ended up on the positive side on the day but not because of good trading but because of luck. I don’t want to be lucky I want to be a disciplined trader. I know that lucky traders eventually lose so I am going to chalk this one up as a lesson learned that I won’t make this mistake again.

Watch the Video and share a comment about a time you learned a valuable trading lesson.