Thursday 24 August 17:05 UK time

After a busy day, I've arrived at the charts to see the US dollar has been strong today, yields are up, the VIX is up a little and stocks are down (even after a great earnings report from Nvidia). But as far as I'm concerned, there is no stand out trade, which means I'm going to wait to see the outcome of chair Powells speech at Jackson hole before forming a conviction in a potential Friday afternoon trade.

This means I've only placed one trade this week which was on Monday. There is a case to say I could have placed a 'risk on' short JPY trade yesterday, but I don't regret not taking it. Because at the time I felt the potential risk of negativity into Jackson whole meant that I couldn't take the trade and still say I would place it tomorrow regardless of what happens. And that's the crux of my strategy. If it means that it looks like I've missed an opportunity, that's ok. Because trading is a long game and ultimately, I know that if I only place trades when I'm comfortable that I'd still take them tomorrow no matter what happens, over the long term, I will consistently make money.

So even though there is no trade today, I hope that serves as a valuable psychology lesson.