A short YouTube video by Kardec Trader (uploaded June 19, 2023) offering practical trading advice about avoiding the habit of trading every day. The speaker stresses developing a clear game plan and recognizing that markets do not always present tradable opportunities; when no opportunity exists, it is acceptable to stay in cash and be patient.
You don't have to trade every day. When I first started out trading, I woke up every single day looking to take trades in the market. And over the few years, I've learned that you have to focus on finding opportunities in the market. And the market is a place that does not give you an opportunity. Every single day, the market will present different opportunities based on your game plan, your viewpoint of the market, and how you trade. So you have to identify the way you trade, what your strategies are, and then with that strategy or strategy, you need to approach the market with the ideology that, hey, the market may or may not present me an opportunity today, and if it doesn't, it's okay to stay cash.
