What would you do differently today for better trading results?

View Poll Results: Did you learn anything recently for better trading results?

Voters
27. You may not vote on this poll
  • Yes

    23 85.19%
  • No

    2 7.41%
  • Not Sure

    2 7.41%
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  1. #1
    Join Date
    May 2016
    Posts
    675

    Post What would you do differently today for better trading results?

    Trading better today, and every day, is key to consistent trading success. As past performance is not indicative of future results, what would you do differently today for trading success? What did you learn last week that you would apply this week for better trading results? Which one thing would you focus on today to be a better trader? I am starting this thread to focus on the central purpose of Babypips forum: To learn and to share. Over 95% of Babypips forum members joined it primarily because of that purpose.

    Let me start with one of the things I learnt recently. I learnt a few months ago to master a few pairs and trade less of them.

    What about you, what did you learn recently, last week or even yesterday that could enhance your trading this week? Share it with other forum members here. Trade safe.

  2. #2
    Join Date
    Apr 2013
    Location
    australia
    Posts
    1
    learn something new everyday and plan your trade then trade your plan

  3. #3
    Join Date
    May 2016
    Posts
    675
    Quote Originally Posted by jacko999 View Post
    learn something new everyday and plan your trade then trade your plan
    Agreed. Continuous learning, staying humble and trading your rules-based plan are key to long term trading success.

  4. #4
    Join Date
    May 2016
    Posts
    675
    This thread is to help us focus on learning to trade better. Have you pondered the traditional principle of cashing in your profit? The idea that as soon as you make some profits, say, double your trading account, that you should withdraw, say, half of it? How has this affected how you trade? Is there anything else you learnt recently that could affect how you trade for better results? Share your ideas here. Trade safe.

  5. #5
    Join Date
    Dec 2015
    Posts
    401
    What I learned recently - and it's a lesson that I keep repeating to myself, so I wouldn't forget - is that I need to be absolutely disciplined when I trade. I should follow my strategy and not open positions impulsively.

  6. #6
    Join Date
    May 2016
    Posts
    675
    Quote Originally Posted by dianajs View Post
    What I learned recently - and it's a lesson that I keep repeating to myself, so I wouldn't forget - is that I need to be absolutely disciplined when I trade. I should follow my strategy and not open positions impulsively.
    Agreed. Believe you me, in my books, beyond an efficient and functional trading system, the key to consistent trading success is self discipline. Trade well.

  7. #7
    Join Date
    May 2016
    Posts
    675
    Any lesson learnt today? If you want to share this with members in the belief that it could foster better trading share it here. For me, a key lesson I learnt today is to focus on the big picture. Look at the mixed US data today. In spite of two negative data, the overall outlook is positive for the US economy. Being positive in outlook towards your trading career will make your journey to success less burdensome. Trade safe

  8. #8
    Join Date
    May 2016
    Posts
    675
    Does doing a weekly scan and analysis of the pairs on your watch list in preparation for the week ahead make you a better trader? If so, share it here with fellow traders. Is there any specific thing you look for in such an analysis? If you want to share anything you learn recently that help you trade better, let us know.
    Last edited by TrapTheMarket; 07-11-2016 at 06:27 AM.

  9. #9
    Join Date
    May 2016
    Posts
    675
    Quote Originally Posted by TrapTheMarket View Post
    Does doing a weekly scan and analysis of the pairs on your watch list in preparation for the week ahead make you a better trader? If so, share it here with fellow traders. Is there any specific thing you look for in such an analysis? If you want to share anything you learn recently that help you trade better, let us know.
    Doing a weekly market analysis has helped my trading become better. My analysis includes a scan of the pairs on my watch list to see which would qualify for potential profitable trading during the week. This leads to choosing about 3-4 among the 8-9 pairs I currently have on my watch list. These selected pairs are then put to further thorough analysis to plan on the strategies to be adopted in trading them, among other things. What about you, did you learn anything recently that could help you trade better and be more successful? Share it here. Trade safe.

  10. #10
    Join Date
    Dec 2015
    Posts
    401
    Another thing I learned today is that I really should have more confidence in my own analysis. Sometimes I seem to be lacking it and it only causes me trouble.

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