You don’t always need to have directional risk in the markets.

When some of my downside targets hit today, many asked “ready to long?”

Sometimes the best position is no position. I think it’s either fomo or ego that makes this a difficult stance for people to take.

Usually, when price hits an upside or downside extreme - it’s better to wait, have no directional risk, then re-engage the market only when a quality setup is presented and a firm bias is established - approaching the market with patience, and more importantly - from a place of emotional balance.

Your worst trades will come from a place of emotional imbalance.