Gold. Bobby's homework assignmentSeptember 27th. Sometimes even in your favorite markets there are times when a trade decision is very difficult and you will know when this happens because what you're looking at isn't clear for you to decipher to make a trade decision. Even if you have a good trading system that you've worked out over a period of time....there are times when it's hard to make a decision...and that's when you're going to start making mistakes Lose money on impulse decisions without clarity. Even if you have good trading tools and use them in a discipline manner... there can be conflicts that you can be aware of... which is better than not knowing at all why it doesn't feel right... but these are times when you can make dangerous decisions. There's one thing I know for certain regarding the markets>>> some trades are much easier to identify and will give you much easier decisions.... so take those trades. If you miss a good trade then go back and review the setup to see how you could have recent through your decision more productively. Everybody who trades has losing trades, completely missed a good opportunity. But this is not what loses money... it's the impulse trading to take a chance when the market's not clear to you that will lose the most money.... and the process means that you're willing to take a trade on impulse without reconciling why you are willing to take a trade without having a clear reason. Every trade has a risk but you want to take trades that you think gives you an edge and you're not going to have a good edge if you don't know how to read the market.... and you will still have losing trades with a good system... but you have to develop your edge to minimize this and it's a very least... don't take a trade when it's based on flipping a coin. There are exceptions... I would consider taking a trade with a lower probability, but the reward is so significant and the stop is so small, I may be willing to take that trade ...But that is completely different than taking a trade on a whim with no significant thought.