"disciplined = showing a controlled form of behavior or way of working."
This thread is intended to record a major shift in my perception of the success and failure as a Trader, but first a little bit about myself. I've been around this industry for about 3 and a half years basically committing the same mistakes as everybody else who belongs to the 90% gang, overtrading, switching strategy, getting angry, frustrated then happy, than frustrated again...man what a emotional roller coaster.
Then after countless methods, several books, video courses I suddenly realized one simple truth, the market is as simple to trade as you make it. And this game is played more in your mindset than on the system/method you employ (don't get me wrong here, picking the right method is also KEY). And in this field DISCIPLINE is KING followed by a rock solid PATIENCE. And If I'm failing currently this is a reflection of my psychological inconsistency in playing a game where probability rules.
So I decided that the best way to counter my weaknesses is creating a trading journal, where I can everyday review my trades and document the results on my equity curve if I stick to the rules of my methodology and work out with Patience & Discipline. I will evaluate the results after 1year, what this mean is, no matter what shit happens I will follow the guidelines for at least one year.
I trade the CHOROS method, and this is my daily guidelines for my Real account:
Edit: 05/09/2017 and FINAL RULES starting from post 57
Pair: EURUSD
Timeframe: m15
Setup: First Touch, and 2nd it action looks good.
Daily Goal: 20pips
Daily STOP: if I lose 2 in a row
Risk: 2%
God bless
This thread is intended to record a major shift in my perception of the success and failure as a Trader, but first a little bit about myself. I've been around this industry for about 3 and a half years basically committing the same mistakes as everybody else who belongs to the 90% gang, overtrading, switching strategy, getting angry, frustrated then happy, than frustrated again...man what a emotional roller coaster.
Then after countless methods, several books, video courses I suddenly realized one simple truth, the market is as simple to trade as you make it. And this game is played more in your mindset than on the system/method you employ (don't get me wrong here, picking the right method is also KEY). And in this field DISCIPLINE is KING followed by a rock solid PATIENCE. And If I'm failing currently this is a reflection of my psychological inconsistency in playing a game where probability rules.
So I decided that the best way to counter my weaknesses is creating a trading journal, where I can everyday review my trades and document the results on my equity curve if I stick to the rules of my methodology and work out with Patience & Discipline. I will evaluate the results after 1year, what this mean is, no matter what shit happens I will follow the guidelines for at least one year.
I trade the CHOROS method, and this is my daily guidelines for my Real account:
Edit: 05/09/2017 and FINAL RULES starting from post 57
Pair: EURUSD
Timeframe: m15
Setup: First Touch, and 2nd it action looks good.
Daily Goal: 20pips
Daily STOP: if I lose 2 in a row
Risk: 2%
God bless
thinking outside the box