Never set an alert for a trade you don’t actually plan to execute, even if it looks perfect on paper!
It might sound odd at first, but here’s the logic:
- If you’re not comfortable with a specific trading setup, you might ignore the alert entirely and miss the trade you planned to make.
- Getting distracted by alerts for trades you don’t really want can make you second-guess or hesitate about the trades you do want.
It’s similar to those ambitious New Year’s resolutions or weekly to-do lists. We naturally enjoy things we’re aligned with and dread those that don’t spark our interest. (Have you ever tried forcing yourself to read a book you didn’t like? Painful, right?) But maybe you prefer podcasts, audiobooks, or even live events with like-minded experts or sign up for courses. That’s okay!
Likewise, if a trade setup doesn’t feel right, it might cause unnecessary stress or confusion. Yes, you might miss 1 or 2 decent trades, but at least you won’t be bogged down by anxiety or missing out on trades because you are annoyed by the alert you set when you have no intention of executing. Therefore, staying focused on the setups you want is better.
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