What would you do differently today for better trading results?

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.

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

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.

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.

I like your candor. Mastering one’s system and approach to trading is fundamental to confident trading. Often, we get conflicting info from the community of traders - many of whom trade differently from us, e.g. different time frames, different trading styles etc - but trading based on your chart and your analysis, particularly using a top-down approach will facilitate confident trading. Trade safe.

How important is patience and self-discipline to trading success? Have you learnt anything recently about patience or self-discipline that you found could enhance your success as a trader? Is there anything you learnt this week that could help you trade better next week?

Did you learn anything last week that could help you trade better this week?

Interesting opinions from all of you, always trying to keep an open mind.

Thanks. Keeping an open mind helps us to learn on a continuous basis, which is fundamental to consistent trading success.

Do you have a profitable trading edge over the market? Can you describe it in one sentence? How has your trading approach changed since building a trading edge? In general, what have you learned recently that is helping you to trade better?

Talking about a profitable trading edge over the market, this is mine in a layman’s language: Mastery of patiently waiting for the market to meet my trading conditions and be trapped. What about you? What is your profitable trading edge over the market?

That may be a simple statement but it involves a lot. What about you? What is your profitable trading edge over the market?

How important is pre-week planning and preparation to trading success? Did you learn anything recently in that regard that could help you trade differently? Share it here with fellow forum members.

When scanning through charts, look for good price action setups. Dont look from a money making perspective.
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.

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  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.

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.

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.

Good point, bro…No trading when you are not agile or vital!