So I'm thinking about how to approach an entry a little differently. Not in terms of a setup for an entry but in terms of what the trade actually means to me. I know we do this to attempt to make money but why? Is it something to fill the void throughout the day, a hobby, you a  gambler? I think if you want to approach trading and be serious about it you have to think about every trade, or at least try to, something like the following:

If I (you) are a professional trader trading your own account or at some point in the future you can see (or would like to see) yourself trading your account as your ONLY source of income I think you need to approach every trade that way NOW.

I'm trying to think in terms of one day I will have to deduct $$$$ from my trading account to pay my mortgage, car loan, health insurance, retirement fund contribution..etc, etc, etc (that's a lot of pressure dude)...so this trade must be what I am looking for in an entry. No more 'what if' or 'bored' trades. 

I know when I have the time to watch the markets that I probably have too many entries. A lot of that comes from trying to monitor too many tickers and I only have about a dozen or so in my list. I'd rather have less than 10 that have a better established trend and enter on the dips/rally. 

If you watched Tim G's webinar several weeks back I think he had only 3 active charts he was monitoring. I'm sure he had his watchlist somewhere but he keyed in on only a handful of charts. 

It all comes back to being patient for the best setups or what entry that you found works the best for you. One of the challenges is waiting for that setup to happen in your watchlist and someone else mentions something in a totally different ticker and you check that chart and 'kind of' see what you are waiting on in one of your tickers and get pulled away from your thinking, then the clouds of indecision roll in. 

Find your plan and trade it like your groceries depend on it.

 

Thanks for adding the speell cheker guys!