Do you have conviction in your strategy and the confidence to execute the setups that it presents to you? When push comes to shove, this is what good trading comes down to.
If you don’t have confidence in any particular setup, then you either shouldn’t be trading your strategy of choice, or you should be doing absolutely nothing.
Think About This...
“95% of traders lose money.”
We’ve all heard the stat. Heck, if you’re a new trader then the percentage is even higher!
So think about this. If 95% of traders lose money, then all you have to do to put yourself in the top 5% of the market, is to do absolutely nothing!
Literally sit back, relax and do nothing. Remember, no position is actually a position.
Why are you Asking if you Should Take a Trade?
Between the 
Should I take a short entry at x? Or should I have bought at y? My answer is always the same - What does your trading strategy say?
All traders have to have some sort of trading strategy and if you have one, then why are you asking anyone else? Consult your trading strategy.
If You’re Just not Sure?
If you aren’t sure about what to do, then do nothing. This is honestly the best thing that you can do if you’re in absolutely any doubt.
This answer is never what the asker of the question wants to hear, most often taking it as lazy, but it’s the right answer.
“I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.”
Jim Rogers
Doing nothing more often than not, is the key to long term trading success.
Best of probabilities to you.
Peace ✌🏻.
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