9. Understand your numbers. 9 of 12
Look at the trade tracker, see where you were at on the first 20 trades (win-loss ration), then see how you have improved over the next few groupings of 20 trades. Identify what your strengths were when you started and see what they are now. Are your strengths still the same or have they changed? [...]
August 12th, 20098. Plan and schedule review time. 8 of 12
The time for action is now! Create a trading calendar, including milestones, so you can take action and track your progress. Stick to your plan. Whatever it is that you have pledged to do, get it done! It’s easy to get overwhelmed with a big task list so break it down into smaller, more manageable [...]
August 10th, 20097. Create a money management plan. 7 of 12
What is your Money Management plan and how do you plan on using it? Most traders spend the bulk of their time hunting for new trades. However, focusing on your existing trade and looking for ways to get a larger "share of each trade (adding on to the trade)" is where the money is. As [...]
August 7th, 20096. Generate trades. 6 of 12
Where and how will you find your next trade? Through sitting in front of the computer for hours? Via: an alerts system? At the time news comes out? The point is you need a plan for how you will find enough trades to keep you interested and make money. The process of finding trades is [...]
August 3rd, 20094. Develop your core strengths. 4 of 12
Identify the top three compelling strengths, you have uncovered for trading the currency market. Your strengths should be easy to spot. Then make those strengths the core foundation that you use when trading. You may be good at picking entry points. You may be good at managing the trade once you are in a trade. [...]
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