A trader can spot great setups but still lose money by trading on low-probability days. Skip Mondays and other weak-odds periods instead of forcing trades when the market isn't offering good odds. The skill nobody practices is knowing when not to trade.
As a trader, I understand that I don't need to be trading every single day. I found that over the years, there's been a recurring trend with my performance, which is that I'm able to catch good trades. That's not the issue. When I see an A+ setup, I tend to take it, and it usually yields pretty good results. The struggle that I had, and I imagine a lot of you are having as well, is how to stay out of the bad days. You know what a good trade looks like, but at the same time, you just can't help yourself by taking all of the bad trades that you know you shouldn't be taking. And one of the easiest ways to prevent this is to simply avoid low probability days if possible. What are these Examples of low probability days, well, they tend to be Mondays because they tend to have no news.
