To those of you who have been trying to improve on your trading performance please listen to me carefully.
Everything you need is basically in the market.You just have to search and find.
Don’t be looking for shortcuts to improving…it won’t work.
Now I want talk about the power of Journaling what you’re doing.
In life when you have a daily schedule of what you’re doing on a day to day basis,you probably don’t do anything that’s out of your schedule.
Why?Because it’s going to waste your time and this is where the concept “time is money” comes in.
When you noted down the things that you ought to do the following day,you often complete your tasks and reach your achievements slowly but surely and the reason as to why this road makes your car move slow is because there are mistakes that happen along the way and we learn from our mistakes as opposed to when you don’t have a schedule because most of the time you ought to be procrastinating(time consuming),playing games(time consuming),and so on.
Now why am I telling you this guys?
It’s because it also applies to a trader that doesn’t have a trading plan and a journal.
They don’t achieve their goals(in terms of tp) and they don’t improve(in terms learning from mistakes) thus leading to them being stagnant and not improve.
Now that you know the importance of a trading plan and a journal…let’s dig deeper into those 2 things shall we.
Now we’re still talking about properly improving on your trading plan without hopping from one trading plan to another like a bunny.
Sitting in front of you is ur trading platform right and you’re looking for opportunities in the market.
Start by checking your trading plan and tick off what you want to see that you have written down in ur trading plan-please highlight what I said just now.Tick off what you want to see that you have written down in your trading plan.
If majority of your items in ur plan isn’t there on the chart that you’re lookingat,don’t take that trade but if they are and depending on ur trade trigger take that trade.Now remember that you are learning and improving on ur trading plan so let’s say that you’re checking your trades every now and then and you see that it’s not going to ur directional bias and it hits ur stop loss…take note of that first loss but don’t take that time to journal.Wait for the market to see what footprints it’s trying to leave behind for you to enter the right trade and if you’re wrong again,take note of that and relax.
Now – I’m only suggesting that you take a breather on the 2nd try because on the 3rd try you’d most likely be placing late entries and it’s likey to go sideways so what do you do then?You come back later when the market is closed and check on which directional bias the market went to throughout the entire trading day and check how it behaved.
Check where you entered ur trades and how it reacted afterwards…then start ask yourself some questions as to what pushed the market to that direction…you have ur technicals and you have your fundamentals.Check the time that you placed your trades and start finding answers…another key word…time.
Write your corrections and start learning that its not about what you want to see but it’s about what the market is telling you.
Why am I saying this….remember I asked you to highlight a certain sentence saying that you must identify what you want to see happening in the market from ur trading plan,well it’s in regards to that and that’s officially ur first lesson on top of what you’ve learned today.Its not about what you want to see but what the market is telling you.
Please learn to journal what you are doing and what the market is doing.
This is from me to you and only you
Stance.
My recommendations:
To open a forex brokerage account; I recommend RCG Markets for various trading instruments to choose from: Currency pairs, Shares, Metals, Energy Carriers, Indices.
This broker also has flexible leverage depending on your trading trajectory.
To open an account: https://portal.rcgmarkets.com/register?ibid=852167
Before concluding; I’d like to also tell you some great news. There is a challenge happening at AUDACITY CAPITAL for forex traders worldwide. AUDACITY CAPITAL is funding forex traders who show potential in forex trading through their programme called the Ability Challenge.
Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.
https://ability.capital?ref=motlotlgimoerane
You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.
EverythingTrading 