I feel trading at this moment is not right and waiting is better
It is an intelligent decision if you determine that it is not a good time to enter the market, often the market can determine that due to independent analysis is not feasible to enter, in fact, large speculators in their books recommend that sometimes you have to be away from the market if you do not see a clear entry or if the instinct tells you.
In these statements Jesse Livermore, always in his book says that there were many times that the market had no tickets for him, do not force the facts in the market, because it can go against and be totally in losses.
If you determined that there is no entry, you must follow your claim, many technical analysts always say that every moment is good to enter and win, but when you do an analysis where you can not enter, if you go gambling there are many chances of failing.