Deviate and Die
Tuesday, January 25, 2011
Psych Plan for trading my system
1. Only trade using .01 lots until I reach an ACCT BAL = $200.00 (current bal @ 129)
- 700 pips required
- 50 pips per day
- @ 14 days to accomplish.
2. This will be the longest you've actually traded a real account with one system since 20/20
3. You asked yourself the following question:
Q. Why was I a very successful trader 2 years ago?
A. I consistently applied the same system/trading plan every day for 5 months and grossed 127% increase in my account...literally turning $1,180.00 ---> $15,000.00 (in @ three weeks)
Consistency, is something I have...but need to re-develop into my routine. Only by consistently applying my trading system/plan every day, the same way and evaluating and taking the same setups will I become a profitable trader.
- 700 pips required
- 50 pips per day
- @ 14 days to accomplish.
2. This will be the longest you've actually traded a real account with one system since 20/20
3. You asked yourself the following question:
Q. Why was I a very successful trader 2 years ago?
A. I consistently applied the same system/trading plan every day for 5 months and grossed 127% increase in my account...literally turning $1,180.00 ---> $15,000.00 (in @ three weeks)
Consistency, is something I have...but need to re-develop into my routine. Only by consistently applying my trading system/plan every day, the same way and evaluating and taking the same setups will I become a profitable trader.
It's a business
Plan your trade
Trade your plan
Lot size
Risk
Make Profit
Never let a winner turn into a loser.
Subscribe to:
Posts (Atom)