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DAY 6 - IMPORTANT TRADING GUIDELINES

Here are some important trading guidelines I highly recommend to fellow traders, who wants to achieve success in this business.
  1. Never trade so big that you end up watching every price tick even though you are not a day trader.
  2. Don’t trade so big you dramatically increase your pulse rate or get the sweats.
  3. Each trade should only be one of your next one hundred. Never risk more than 1% of your trading account on one trade based on your stop loss.
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DAY 17 - Trading in the Zone

Trading in the Zone remain my favorite book and I recommend fellow traders to read it, as it has some great insights, as far as trading psychology is concern which is vital for trading success.
In order to succeed we have to work hard on our methodology and acquire an edge which will put us ahead in the game over the long term. Do not worry about individual wins or losses, and do not even think about whether any one trade is going to be a winner or a loser. The key is to take each trade which co…
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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 18 - TRADING ADVICE

There is only one reason to trade: to make money. You only need to incorporate things into your trading that makes you money. If you do not have a good filter on what matters and what does not matter trading can become a lot of work for a little reward as you waste time on the things that do not matter.
If real time news or market pundits make you do things outside your trading parameters and actually lose money tune them out. What messes up your profitable trading makes you a weaker trader turn…
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DAY 7 - THREE COMPONENTS OF TRADING

In my experience there are three components of trading that have to be managed correctly for the trader to be successful. There is risk management, system management, and mental management.
I believe that the majority of traders that do not succeed fail not because of their system or risk management but because of their own mind. There are countless profitable systems out there and risk management should just be math, so it comes down to discipline, self control, and perseverance to eventually …
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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 15 - IMPORTANT TRADING ADVISE

1) Boredom: The trader wants some action, so they initiate a trade. Trades should only be enacted when entry signals are reached and not to alleviate boredom.
2) Frustration: Frustration comes from expectations not being met. Don’t focus on your P&L, focus on executing your trading plan.
3) Overwhelmed: Focus and simplicity are the keys to profits. Complexity and information overload are the road non-profitability.
4) Doubt: Only trade a system after you have thoroughly researched, back-teste…
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DAY 11 - SUPPLY & DEMAND TRADING

There are many ways to trade supply & demand zones and it depends what type of trading style suits you.
1) High probability setups: Taking only fresh supply and demand zones at swing highs and lows and ignoring small S&D zones established in between those major zones. For long trade you have to identify a high, low, higher high and enter at demand zone which would be higher low. But these types of trades are not too frequent and one need patience & discipline to wait for ideal setup and execute…
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DAY 10 - FINE TUNING YOUR TRADING STRATEGY

When we are constantly losing money in trading, there is an important question that can help us figure out our next step. Because sometimes as a trader we become so involved in recovering our losses that they we don't first figure out what is causing them.
We often start reading different psychology books and blogs for answers, without realizing that it's not our psychology rather it's our trading strategy that is flawed. Instead of fine tuning our strategy enabling it to work in current market …
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DAY 4 - RIGHT MINDSET FOR TRADING

What is the right mindset for best trading? Here are five ideas, drawn from successful traders:
1) An open mindset - Traders succeed when they see things that others don't. Sometimes those are overarching themes and trends; sometimes they are short-term patterns in market behavior. To see things differently, we need a mind that is open to new and different information and open to shifts in market behavior.
2) A quiet mindset - Minds filled with noise can't process new information. When we're f…
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