Do you ever find yourself....

your edge = your reason to trade

The markets 3 days forward are about as hard to predict as the British weather. You can't know reliably what the markets are going to do, but you have to know what you will do. If there's no edge of course, you have to commit to not being able to trade this market in this condition. Wait for the conditions to come to you, then go in.

I quickly came to the point in trading where I hated making money from an unplanned trade almost as much as a losing it on a planned trade. Planning can always be improved: well planned trades can be replicated: so money lost on well executed and well planned trades is just a temporary loan to the market, it can always be won back into your account. But how do you enhance or replicate a random trade that wins on a hunch? - that's like depending on a lottery win to pay the rent. You may be a lucky person, but it's not a business plan.

two pennies