Money cannot consistently be made trading every day or every week during the year. This rule emphasizes the importance of patience and selectivity. It’s OK to do nothing!
One should never permit speculative ventures to run into investments. Only trade the timeframes you planned to trade. If you open a trade as a swing trading or intraday opportunity, then treat it like that. Don’t get greedy and change your plan mid-trade just because you suddenly feel like you know better than the markets. Many traders fail to capture consistent profits out of the markets because they are inconsistent with their execution.