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The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

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SUMMARY

In the long run, you will be better off waiting for the more conservative trades. You may miss a few winning trades now and then, but you will also not be in a lot of losing trades. I’m happy to lose opportunity cost every so often from being conservative, rather than lose real money from being overly aggressive.
Being conservative doesn’t always mean being passive or slow. It just means you have specific rules of engagement for various trade setups. You don’t pull the trigger until those rules are met. In some cases, such as news trading, you can be “conservatively aggressive.”

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