The Importance of doing Nothing

My trading system is still in a SELL mode, simply because the markets have been gapping up and have not allowed the BUY to get triggered. The system would really have gone long at 4886 but since there was this huge gap up yesterday, the BUY was reset to yesterday's first hour high, which is at 5015. I will therefore cut my short position and go long only above that level.

I hope and pray that I have another day of doing nothing. I also pray for the strength to resist the temptation to do a trade just to pass time! I have realized that while these gap ups and downs against your trade add to the slippage and lose you more money than otherwise warranted, it is the trades done to kill boredom, the trades done when the system does not warrant it that are the real profit destroyers. No, those trades are even worse than just profit destroyers. They are soul crushers because the trader then beats himself up for doing them. It destroys his ability to take the next system trade because the trader is now in a bad frame of mind. The unwarranted trades then finally crush the trader when he realizes that the system would have made money during the year but he has managed to capture only a small percentage of the theoretical system profits.

With this note, I am actually preparing myself for a day of doing nothing. I will cut my short position and go long only above 5015