The "Now Trap"

There is a great attraction in all aspects of the modern age to immediacy. Likewise, most of the trouble in trading occurs through this love affair with the "now," with impatience, and with trying to hurry up the trading game. Traders want to make money in the markets now, today, and not tomorrow or next week.

We love the Now. We are devoted to it and give it much weight. This problem may be especially true if you have not done any trading during the last few days or even weeks. The pressure to trade becomes almost palpable. You have prepared your trading strategy for weeks and you don't want to just sit there and do nothing. But don't fall into the "Now Trap." Don't trade if there is nothing to trade!