Sometimes in life, we can be uncertain about a big decision. In those times, often the best thing to do is just wait until things become clearer. Likewise in trading, there are times when we can feel incredibly divided and uncertain regarding a trade. You know that the sentiment is just not that clear. You feel hesitant, uncomfortable, apprehensive.

Perhaps you find yourself entering a trade, then re-entering. You feel uncomfortable in the trade, and start questioning yourself.

The good thing is that your apprehensions and uncertainty are actually guiding you. Trust those nagging doubts! Trust your inner hesitation. Those doubts are speaking to you. The best thing to do at this point is not to trade. Sometimes the best thing to do is to do nothing!

Wait. Wait until you have clarity. Allow yourself to be patient. And as you wait, be glad you have preserved that capital!

 


HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.