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


– ETF Watchlist –

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 you are sized correctly and are aware of your risk management.

Join my Smart Trades options trading service today to see exactly how my students and I trade these types of scenarios! Smart Trades is where I teach my students how I trade options on some of the largest ETFs on the exchange. As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom. Join today and as always…

Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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