What would you do differently today for better trading results? - Page 3

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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Results 21 to 30 of 265
  1. #21
    Join Date
    May 2016
    Posts
    685
    Quote Originally Posted by grantx View Post
    When scanning through charts, look for good price action setups....
    Discipline. If you miss your trade let it go and wait for the next opportunity. Dont hesitate and miss a great opportunity because of fear.
    Agreed, trading discipline is key. Also, once the market meets the trader's criteria for a profitable set up, he/she should pull the trigger and let the stop loss have his/her back. Traders should not let fear paralyze their trading. Fear comes from poor preparation, lack of confidence in your trading system/strategy, lack of readiness to suffer some losses and inappropriate trading lot/position, among others. Trade safe.

  2. #22
    Join Date
    Jun 2016
    Posts
    108
    1) focus on the sunday work. Spend hours working in my trading plans before monday morning
    2) do exactly what I've written in my trading plan
    3) don't trade if I feel bad
    4) don't hesitate to put a trade if my plan says so
    5) don't increase my risk putting several trades without decreasing the risk per trade
    6) don't do "what if" trades (like "I will put long, what if this go up?" when there is nothing telling me it is going up)

    Specially the sunday work is the most important part for me.

  3. #23
    Join Date
    Dec 2015
    Posts
    513
    I wouldn't stay up watching the market until 4 am, because trading while you're as sleepy as I am now is a bad, bad idea.

  4. #24
    Join Date
    May 2016
    Posts
    685
    Quote Originally Posted by marcopicos View Post
    1) Focus on the Sunday work. Spend hours working in my trading plans before Monday morning...Specially the Sunday work is the most important part for me.
    Very good trading principles. In particular, I totally agree that the planning and preparation work you do on Sunday is the most important. Just follow this up with a mid-week update. Trade safe, trade well.

  5. #25
    Join Date
    May 2016
    Posts
    685
    Quote Originally Posted by mlawson71 View Post
    I wouldn't stay up watching the market until 4 am, because trading while you're as sleepy as I am now is a bad, bad idea.
    Good point, bro...No trading when you are not agile or vital!

  6. #26
    Join Date
    Nov 2015
    Location
    Barbados
    Posts
    10
    After a bit of a drawdown I finally realized what was meant by use a strategy that fits your personality. I was trading a system for really large reward to risk that a forex "guru" used online (with a few tweaks) and it just didn't work for me. I switched to a system where the primary focus was on risk management and it's helped to keep my emotions in check because now I have stops with room to cut losers early and ways to maximize gains when I'm in the green.

  7. #27
    Join Date
    Oct 2012
    Posts
    5
    Always withdraw 50% of the profit when it reach $1,000 otherwise it will go back to the market (from last month experience).

  8. #28
    Join Date
    Jan 2016
    Location
    Frankfurt - Germany
    Posts
    1,142
    to not trade when youre on vacations. the fact of beeing outside of your everyday routine with observing the movements and no constant internet access is tempting to trade fast and see things that dont exist.

    the fact that youre trading and worried about losses is aswell ruining your vacation.

  9. #29
    Join Date
    May 2016
    Posts
    685
    Quote Originally Posted by TURBONero View Post
    to not trade when youre on vacations. the fact of beeing outside of your everyday routine with observing the movements and no constant internet access is tempting to trade fast and see things that dont exist.

    the fact that youre trading and worried about losses is aswell ruining your vacation.
    Agreed. For example, proper pre-trade analysis is key to trading success. But how much of this can you do while on vacation?

  10. #30
    Join Date
    May 2016
    Posts
    685
    I have found thorough weekly analysis very important for successful trading. Such an analysis involves rating the pairs on my watch list against a few criteria integral to my trading style and strategy. What about you, did you learn anything recently that could help you trade differently for better results?

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