thole Keep discipline

2023-3-3 14:46| Publisher: 5566| see: 1285| comment: 0

abstract: Be patient. This is a virtue... especially in trading. American humorist Glasgow(Arnold H. Glasgow)Once said, "The key to everything is patience. You need to hatch eggs to have chicks, not just smash them to get them." Establishing your own trading plan takes time. Developing skills also requires ...

Patience.

This is a virtue... especially in trading.

American humorist Glasgow(Arnold H. Glasgow)Once said, "The key to everything is patience. You need to hatch eggs to have chicks, not just smash them to get them

Establishing your own trading plan takes time. Developing skills also takes time.

Waiting for the right transaction requires patience. Entering and leaving at the right time also requires patience.

thole Keep discipline22 / author: / source:

Discipline.

Discipline is also a virtue, it means doing what you should do, constantly improving and enhancing yourself... even if you don't want to do it.

This means conducting surveys and researching charts to prepare for each trading day.

If you are a mechanical or automated trader, this means conducting backtesting on the system and trying different settings and strategies as the environment changes.

Of course, don't forget to keep a transaction log and review transactions every day.

Logging is a trading task that distinguishes between those who want to become traders and those who are genuine traders. Unfortunately, most beginners do not keep a log.

The trading philosophy and techniques are simple and easy to learn. What is difficult to learn is to be patient and disciplined in doing every right thing and making good trading decisions. To be honest, this is one of the most difficult activities you will engage in.

For beginners, watching market changes while waiting for the most suitable setting means you have missed out on profit opportunities.

This way of thinking will lead to a lack of patience and discipline, resulting in serious trading errors:

  • Impulsive trading
  • Allow damaged transactions to continue for too long
  • Premature termination of profitable transactions
  • Retaliatory transaction

These actions will cause your account to be completely lost!

Remember, as a beginner, your task is to learn how to make good trading decisions and survive!

The best thing you can do is to patiently wait, follow discipline, and view your trading career as a marathon, not a sprint.

thole Keep discipline3 / author: / source:

This is not a plan to become rich overnight.

This is a commitment to cultivating skills that can be profitable in any market environment.

It is important to free oneself from the limitations of 'people'. Fight against authority!!

If you have patience, discipline, and a commitment to constantly improving yourself, you are nowforeign exchangeThe results obtained by beginners cannot be compared to those obtained after years of trial and error.

One more thing

Remember that good trading opportunities come almost every day!

Don't rush into bad trades in a hurry. They will only prevent you from achieving your goals.

Stick to your best ideas and settings, and if there is no such thing as this trading session, wait until the next trading session.

Unless the world stops trading currencies, there will always be opportunities.

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