The MAIN Message for the NEXT Quarter from me to @everyone is this
**KNOW Your Setup, and Trade Your Setup Only.**
In order to do this, you have to follow these steps
1. Create a Trading Plan in which you agree on what you will trade, how you will trade etc.
2. In order to be on top of your performance and to track your performance against your trade plan, you MUST Keep a Journal. (The T20 Challenge).Trade The Setup that you've chosen to trade in your Trade Plan.
3. Make sure you have the NEXT Review date included into your trade plan. Don't CHANGE until the NEXT agreed Review Date. (Ideally You want to set a Review date 3 or 4 Months in to the future. So if you start this September, you want to review in December. )
Message and Plan for September - December 2021
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Message and Plan for September - December 2021
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
