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DAY 11 - PAIR SELECTION - TRADING TIPS

In my opinion, it is far better to concentrate on just one or maximum two pairs or markets than go chasing after multiple ones in the hope of catching every move. I believe profoundly that if you cannot trade just one market successfully, by which I mean turn a consistent profit, then you are unlikely to succeed with two, three, or more. Some traders can, but they are few and far between and the majority will have at least ten professional trading years under their belt.
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DAY 20 - USEFUL TIPS FOR TRADERS

Some useful tips for traders. To be a profitable, a trader must overcome these things:
  1. You must beat your emotions by following a trading plan.
  2. You must beat your ego by taking losses early when you are proven wrong.
  3. You must beat your greed by managing your position sizing to limit your risk exposure.
  4. You must beat your fears by letting a winning trade run when there is no reason to exit.
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DAY 20 - USEFUL TRADING TIPS

I do not blame myself for losses where I followed my rules.
I do not worry about losing money I worry about losing my trading discipline.
I understand that I choose my entries, exits, risk, and position size and the market chooses whether I am profitable.
While trading I am not trying to prove anything about myself I am only trying to make money.
I trade the chart not my personal opinions.
I will quickly admit when I am wrong when a trade moves against me enough to show me that I am wrong.
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DAY 30 - TIPS ON HOW TO FREE YOURSELF FROM FEAR

Tips on How to free yourself from Fear & Greed

  • Have a trade plan and stick to it.

  • When you trade, have ZERO things that show your account balance ever. If you see no $ value on the chart you will think rationally, rather than emotionally and will trade what the chart is telling you.

[list][/list]…
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megajorko avatar

Very well said. I totally agree with you

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