Core Concepts
NO_TRADE
The decision to not enter a trade due to unfavorable conditions
NO_TRADE is a deliberate decision to skip a potential trade when conditions are not ideal. It is one of the most important skills in trading - knowing when NOT to trade is often more valuable than knowing when to trade.
✓How to Recognize
- •Market is in RANGE regime
- •Pattern appears at wrong location
- •Volume does not confirm the setup
- •Multiple conflicting signals
⚡How to Avoid
- →Embrace NO_TRADE as a valid outcome
- →Keep a journal of skipped trades
- →Missing a trade is not a loss - it's capital preservation
- →Focus on quality over quantity