Photo by Aidan Howe on Unsplash
There is a thin line between running a business, let's say, of probabilities, and gambling.
First, do not ever forget why you enter a trade. It has to be because it meets a setup criteria.
And second, don't feel the need to be invested all the time. Don't overtrade, don't gamble.
Cash is a position, and it is the ammunition you need to trade when a setup shows up. It is the "stock" you need to make money.
And sitting and waiting for a setup is sometimes one of the hardest things to do in this business, because of our human nature.
As always, simple but not easy.