I have started this thread in order to share with everyone a daily morning written exercise that I do to motivate myself, keep myself disciplined and mentally ready.
I encourage everyone to post anything positive, motivational or anything related to successful trading.
Whenever you feel demotivated or felt like you strayed away from your plan, come to this thread.
Monday 27/04/20
I manage my equity and capital through correct position sizing. I have self control and will only enter trades based on my game plan. I follow my system. I always plan my trades and am patient. Wealth is a marathon, not a sprint. I have faith in my experience and my system. I know that success in trading and wealth that is made in the markets requires an extraordinary amount of discipline and bullet-proof psychology. I am a predator, a hunter and a professional.
I will let my profits ride, I’ll cut my losses short. I don't add to losing trades ever! I am not afraid of success and will break through. I will double check my execution. I follow the trends. I am also open to being both long and short on a position in order to minimize risk. My stops will be there to take me out. My position sizing and stop-loss controls my risk. My worst case scenario is that I lose my maximum-exposure of 1% of my equity. I keep it simple, I follow the trend, I follow the bullish and bearish bias of the MA’s I use supports, resistances for entries and exits and I use fibonacci’s for retracements, counter trend excursions and bias-excursions.
I justify my trades and am mindful of key levels on multiple timeframes. A winning trade starts before entering the trade. I continue to develop my knowledge and understanding of my industry. I will always learn. I will not give back the profits I’ve made. I accept the market.
It's a zero-sum game. I'm grateful to all you traders out there, because you are the ones taking the other side of my trade.
I encourage everyone to post anything positive, motivational or anything related to successful trading.
Whenever you feel demotivated or felt like you strayed away from your plan, come to this thread.
Monday 27/04/20
I manage my equity and capital through correct position sizing. I have self control and will only enter trades based on my game plan. I follow my system. I always plan my trades and am patient. Wealth is a marathon, not a sprint. I have faith in my experience and my system. I know that success in trading and wealth that is made in the markets requires an extraordinary amount of discipline and bullet-proof psychology. I am a predator, a hunter and a professional.
I will let my profits ride, I’ll cut my losses short. I don't add to losing trades ever! I am not afraid of success and will break through. I will double check my execution. I follow the trends. I am also open to being both long and short on a position in order to minimize risk. My stops will be there to take me out. My position sizing and stop-loss controls my risk. My worst case scenario is that I lose my maximum-exposure of 1% of my equity. I keep it simple, I follow the trend, I follow the bullish and bearish bias of the MA’s I use supports, resistances for entries and exits and I use fibonacci’s for retracements, counter trend excursions and bias-excursions.
I justify my trades and am mindful of key levels on multiple timeframes. A winning trade starts before entering the trade. I continue to develop my knowledge and understanding of my industry. I will always learn. I will not give back the profits I’ve made. I accept the market.
It's a zero-sum game. I'm grateful to all you traders out there, because you are the ones taking the other side of my trade.