Trading time is valuable, but some things are important

Sometimes I have to knuckle down and get the basics done.

For me, this week, which has included a rewrite of my strategies. Relatively meaningless, I hasten to add, to anyone else that is not a price action trader.

On a similar note, it occurred to me that a reason that losses take many times longer to make back – than they did to lose in the first place – is down to not modifying price per pip timely and correctly. I’ve reviewed this and put in place what I feel is a reactive but practicable risk management adjustment.

Moreover, short-term trading demands consistent long-term screen time. I have to say ‘no’ to almost everything else. Otherwise, valuable trading time disappears. This week I lost three days, Tuesday to Thursday (which means the whole week because isolated trading days are not ideal); this was to travel and support an old friend at his mother’s funeral. Saying ‘no’ is okay, but some things are a duty.

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