The BEST trade to TAKE!Do you know what the BEST trade is?
The best trade is not a winner.
The best trade is not a lucky streak.
The best trade is not what you think…
If you’ve followed your rules, strategy, criteria, risk management and taken the trade.
That is the BEST you can do.
Whether it wins or not, you have taken the BEST trade.
Let’s dig in…
Follow Your Rules
Every successful trader has a set of rules that act as the bedrock of their strategy.
These rules are based on highly researched analyses on back and forward testing.
In the medium to long term, you’ll reap the rewards.
Therefore, your BEST trade is following your rules.
Wait for the criteria
To find the BEST trade, you must establish specific criteria that a trade must meet before you pull the trigger.
Maybe you’re waiting for syzygy between price action, candlesticks, volume, indicators, chart patterns or a combination of them.
Once the criteria has been met, then you’re ready to take the BEST trade….
Keep to your risk management
Protecting and preserving your capital is paramount in trading.
The BEST trade is when you have assessed the risks and put your safeguards for your trades.
What are you willing to risk per trade?
What is your margin requirements in the trade?
Is it affordable?
Will you have enough capital to play it through
Will you have enough capital to take on many other BEST trades?
Can you emotionally handle the risk per trade?
Once you’ve got the right answers, you’re ready to take the BEST trade.
Own your mindset – The Ultimate Act of Courage
You know the trade might be a winner or loser.
And it’s not about the outcome.
IThe BEST trade is about having the courage to execute when all your criteria are met.
It’s about trusting your process and embracing the uncertainty that comes with every trade.
J.T.T.B.T – Just Take The BEST trade
Once you’ve done the planning, analyses, risk assessment, then you’re ready to Just Take The BEST Trade!
You’ve done your job.
If it wins great – it’s once step closer to portfolio growth.
If it loses – it’s the cost of the trading business.
Remember this…
The BEST trade is not a destination but a journey filled with learning, discipline, and resilience.
It’s not solely about profit or loss.
It’s about the process of becoming a better trader and evolving as a trader yourself.
Let’s sum up with the steps to you taking the BEST Trade.
Follow Your Rules
Wait for the criteria
Keep to your risk management
Own your mindset – The Ultimate Act of Courage
J.T.T.B.T – Just Take The BEST trade