As you learn to trade, you must remember that we are trying to
make as much money as possible, while losing as little as possible. We
accept that there will be losses, but we seek to minimise these losses.
Every time we take a poor trade, through frustration, or anger, or
trying to force the market, we take a step backwards - we lose. Every
step back we take, moves us further away from our target. This means
that sometimes we need to learn to pass on trades, to realise that
'being a pilot on the ground, wishing he was in the air' is far better
than 'a pilot in the air, wishing he was on the ground'.
Walking away from a trading opportunity is a very difficult thing to do, but sometimes it is necessary to keep capital and live to fight another day. Remember that the market is open 24 hours a day 5.5 days a week. The markets have been around for longer than any of us have lived, and they will likely continue long after we die. Therefore we need to recognise that there will always be another opportunity. There will always be another trade. We should focus on high probability opportunities, and nothing else.
Walking away from a trading opportunity is a very difficult thing to do, but sometimes it is necessary to keep capital and live to fight another day. Remember that the market is open 24 hours a day 5.5 days a week. The markets have been around for longer than any of us have lived, and they will likely continue long after we die. Therefore we need to recognise that there will always be another opportunity. There will always be another trade. We should focus on high probability opportunities, and nothing else.