Skip to main content
My Account
email usour twitterour facebook page youtubeinstagram

*Our most recent blog featured here.   *Email us your blog idea to

Tuesday, December 08 2020
It's OK to Quit!



It’s OK to Quit!   by Rob B 

If you know me, you have heard me say more than once, Never Give Up! While generally this is true, there are times that you need to quit something you are doing, especially in trading. I would never say quit trading overall, unless you truly feel that trading is not for you. While trading can be for everyone, not everyone is for trading and that’s ok.


What I would like to discuss is when to quit.  Quite often it’s the quitting of something that saves us time, effort and energy and that time, effort and energy can be refocused into something productive.


Some examples in everyday life that we realize we need to quit and refocus our time would include a marriage that is not going to last. While this seems a bit harsh, after all options to save the relationship are exhausted, divorce can be the only option for both to move forward with their life.


Another example would be a project you started, like restoring an old car.  You think, “wow, this could be fun!”  I’m pretty handy with tools, and I like cars, but after 1 year, you see how much time, effort and energy (and money) you have put into it, you decide to cut your losses and move on.  This is OK.


There are some areas of trading we can look to quit to preserve both capital and our sanity as traders!


Quit moving your stops when the trade goes against you.  You had a plan, that plan is not working out. Moving your stops on a regular basis will increase risk and you are not confident in your plan.


Quit thinking or having an opinion on where the market is going. Trade what you see, NOT what you think. The market does NOT CARE WHAT YOU THINK!


Quit trading other people’s plan. You MUST develop your own plan and trade your plan.  While we can learn from others, we cannot trade other people’s plan.


Quit having an EGO when trading. Most traders are more concerned about being right than they are about making a good decision and letting the results work themselves out in the long run.


Quit being results oriented. Every trade is a new trade and the last decision you made is unto itself. The next trade is a new trade, and the last trade has NO bearing on the outcome of the next trade.


Quit listening to media outlets for advice on trading. Its ok to be informed but DO YOUR OWN WORK/Diligence on your trade. You will never have confidence in your trade if you're just taking advice from someone else and not actually doing the work yourself.


Quit trading when you are not in a good mood. When you sit down to trade, have positive energy around you. Surround your desk with pictures that make you happy. If you are in trading group, be around other positive folks.  Making a good decision is paramount, and while we will never win every trade, when we do have a loss to start the day (and you will) having a positive attitude will help you make a good decision on your next trade..


Quit overtrading!  Take trades that are in YOUR ZONE. For me, in a 2-hour trading session, I will typically take 1-3 trades per session. Sometimes ZERO trades if none are in my zone.  Just about every time I overtrade, my results are breakeven at best, and typically it was a struggle to just breakeven.


Quit lying to yourself.  When you get stopped out of a trade, and you realize you made a bad decision, own that decision and move on. Stop rationalizing why the trade stopped out.


QUIT TRADING AGAINST THE TREND. This is self-explanatory.


Quit Being GREEDY!  Have an amount you are happy making and be done with your trading day.  For me, this is the only way I can keep the money I have made. Too often I have given back most, all or more than I made by continuing to trade when the market is just not in my zone.


In summation, know when to quit.  When you know when to quit, you can refocus and keep moving on.


Trade Well at FNL!


Posted by Alex McCormack on 12/29/2020 - 04:26 PM
I think this helps others deal with the reality of trading. I deal with it all the time. Should I stay or should I go? Should I trade live or leave it alone for now? Should I skip all I've learned and trade like I want to trade? Probably not! Yet I need to let myself learn a way I feel like trading and have the confidence in my ability and be relaxed. I'm not at the level where I think I can teach it to others, but I will keep at it and not give up! One day I think I will finally be able to share more of my trading. Thank you Rob for sharing your ideas! You've been a great mentor, liaison and friend. Good luck trading! -Alex
Posted by Lori Bauer on 01/04/2021 - 06:48 PM
As always, sage advice from a great mentor and friend. I have felt that Rob has had my best interest at heart from the get go and that has only solidified into a wonderful friendship that I appreciate everyday. Living on opposite coasts, I don't get to pop down and visit as I would like, but that's not to say that I didn't wake up with this man everyday for over a year because he felt hands on mentoring was something that could help ME. He certainly didn't lose sleep everyday for the entertainment. Thanks for being you Rob, and that's always been awesome!!
Post comment
Email Address

(max 750 characters)
Note: All comments are subject to approval. Your comment will not appear until it has been approved.

Coming to FNL!

April 12th


Special Guest:

Anthony Crudele

(approx. 11:00am subject to change)


For your 2-week FNL Visitor Pass & Access


Site Updates:


Blog post - Do I Treat Trading Like a Hobby or a Profession? - Lydean S.


FNL Crypto launched on YouTube Live!


Dallas Social confirmed for June 3-5 at Lewisville Lake!  Beautiful AirBNB house reserved on the Lake 


Futures Radio Show Host and Trader extrodinaire, Anthony Crudele, confirmed to be in FNL on April 12th 11am


FNL Crypto Launched!! Daily sessions 4-6pm ET in FNL with Chris L. Live YouTube Streaming coming! 


FNL on Social Media!! Check us out on Facebook, Twitter, Instagram, LinkedIN and YouTube


Phoenix Social pics up.

New Member Spotlight!


New pic of Gary's Canadian Lynx in Random Pics.

New Calendars started.


Futures D'Amour YouTube links on Members Only page.


New Member Spotlight.

New Trader Creator Videos.


New Member Orientation video added in Resources.


New TV.


New Risk Management Profile/Parameters available in Member Resources.


Tracking Sheet now available in Google Sheets in addition to an Excel File!


New BulletProof TV.


Simmillions Page updated.


Candle Pattern images now "saveable" in Members Resouces.


Trading Room Closed today for the holiday.

Tracking Sheet linked in both Member Resources and Member Only Page.


SimMillions page updated!


Tracking Sheet UPDATED V1.21


David J's Blog page added to FNL Blog page!! 


New TVS!


New pics in "Random Member Pics"


New logo hoodies added to "FNL GEAR"


New blog post!


Visitor Center updated

New procedure for logging into the Trading Room.

New photos in "Random Members" page Little D!!


Raquetball video on Dec socials page!

New Random Member pics added.


Nor Cal Dec 2020 pics up!

FIXED:  Blog comments now working!


Competition WINNERS posted on Simmillions Page under "Leaderboard"


New Blog

Trading View signals on home page.


New Trader Creator video Trend Part 2

HA charts added to "Workspaces"


New Trader Creator videos added.


New style Calendar "Trading Room Schedule"


Blog admins given access.

Socials Page started.

FNL Gear bottom of home page.


Social Network links added to top of page.


Workspace Page added to Member Resources.


New tv designs


Blog post added on time/clock issues (comments enabled)


New set of white chart backgrounds.