The Truth About Missed Trades

The truth is that it happens. You can look at it different ways. I saw some interesting movements, backed it up with a Fibonacci level and set my trade for a nice and quick short play. Yes. I was right about the direction, but my entry level was literally a hair off. I set it a little high, hoping to spare some headache from re-tracement, but also...it's a zone. It's not an exact science. But what if the trade went the other direction? The way things happened, I didn't make my intended profit, but I also had no loss. The main goal here was to try and get some pips, and minimize risk, which I did. Don't buy into the get rich overnights and the "80% win rate" B.S. The goal is to minimize risk and enjoy what you're doing. Grab a beer, and look for the next trade. At least, that's what I did.

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