I don’t give a f#%& if I miss a trade.

There are several things you have to get over as a trader.  They are the cost of doing business. Missing a trade is one of them.

If I am fortunate enough to be in a position to miss a thousand more trades it means I am still a trader.

That statement is obviously a bit extreme, trading is about making money and there are overhead costs. Eventually you need a return on your capital.  No one wants to sit around all day and not get any action.

It could be that the action is the problem.  What do you want from trading?  If you are in it only for the action, by all means you should be pissed.  If you are in it to make money, this is another chance to learn about yourself, the market, and the relationship between the two.

I don’t live in a bubble and of course I get pissed but I try never to lose the lesson.  Every order is a chance to learn.

See also What to do when you miss the big trade.

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  • Sat around all day yesterday for an order to buy 1000 Ford apr29 16 puts @.17 never filled, got sooo close. Then realized in midday today would have made over 40k on it. Sooo pissed, instead got tired of waiting yesterday and went into the bull put spread mentioned earlier on the vix, and now sitting on losses. So wrong, so wrong!

    • Would have, could have are the most expensive thoughts. Hard and painful fact is that you don’t deserve anything. Have to remember what happened not how you felt about what happened. The market is forgiving in that you will have another opportunity if you are still around.

3 Responses to I don’t give a f#%& if I miss a trade.

  1. Vincent says:

    Sat around all day yesterday for an order to buy 1000 Ford apr29 16 puts @.17 never filled, got sooo close. Then realized in midday today would have made over 40k on it. Sooo pissed, instead got tired of waiting yesterday and went into the bull put spread mentioned earlier on the vix, and now sitting on losses. So wrong, so wrong!

    • Eradke says:

      Would have, could have are the most expensive thoughts. Hard and painful fact is that you don’t deserve anything. Have to remember what happened not how you felt about what happened. The market is forgiving in that you will have another opportunity if you are still around.

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