What To Do When You Don’t Find Any A+ Set Ups

What To Do When You Don’t Find Any A+ Set Ups

Posted On June 1, 2023 11:54 am

Something I often see traders get wrong is they feel as though they need to constantly be trading. As we have said before and will continue to say, trading isn’t just about making money, but keeping it also.

That’s why it is important to know when not to trade and when to put one on. Perhaps the most important thing to avoid as a trader is the urge to trade just for the hell of it. For instance, when there is no trend in the market or everything is roughly sideways, trading in a range of only a few dollars.

Knowing when to sit on your hands and wait is a key part of trading for the long term. I often tell my students, “live to trade another day,” as everyday we go to war with the market, attempting to extract what value we can from it.

The market is reluctant to give us any quarter when it comes to winning these wars, so we must be wise in when and where we take the market on. If we were to trade on every impulse, especially when we don’t see anything we would call A+, then our trading careers would be very short lived.

Today is one of those days. We aren’t seeing much in terms of good risk vs. reward, so rather than blurt out some wonky trade idea and get our readers out over their skis, we decided to sit on our hands. If you are able to find an A+ setup, then by all means, take the trade if…

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