100% discipline trading

I have trading systems that can produce consistent profits but I can't make money from them because I was not 100% discipline. I must correct it so I come here and will write my trading journal. I hope I can be 100% discipline from now on.

My discipline rules for every day every trade are:

1. Trade size: 2 mini lot per $3000 equity.
2. SL of 10 to 25 pips for every trade.
3. Only 1 open position at a time.
4. Up to 2 trades per day.
5. TP is 10 to 120 pips.

I will have great chance to produce 5%/month with DD less than 15% consistently if I can follow the above discipline rules every trade every day.

Agree Discipline is very important. Wish you good luck !

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Ok, my day 1 trading is 100% so far as long as I don't take another trade until 2AM tomorrow. Took 2 trades, 2 lots each, 10 pip SL for both trades, 1 open position at a time. I feel I could do better on the second exit. However, I stop trading for today.

My goal is being 100% disciplined and the result will come as long as I can do that every day, every trade.

Good thread. Me too need discipline. Subscribed.

Subscribed on this thread too.I need to work with my discipline a lot.

I see you choose pairs with AUD. Are you trading New York session or Asian session ?

Both.

I have done my 2 trades today: 1st one 16 pip SL and the other 10 pip SL.

The first one was traded against the trend and I closed it when the market could not move to my direction.

The second one was 1 pip away from my SL. I was considering to change my SL as I did before. I held on to it because hitting SL is a good trade as long as I am disciplined.

I will add 2 more rules to my plan: Don't open any position right after one is closed and don't change trading direction.

I must always remind myself that good trades are following my discipline plan, regardless profitable or costing. I must follow my discipline every day, every trade.

I should not trade the Asian session today because I've done my 2 trades already.

I did one trade which is against my discipline rules. I was feeling scary because I was breaking the rules again. I am glad to make the decision to close it.

Discipline must be 100% in trading, every day, every trade. Must correct it. I can only have one trade until the next Asian session.

I see the benefits of following my discipline rules 100%, every day, every trade, even when I am not trading. Losing trades are part of my trading and they are good trades too as long as I follow my rules.

I was trying to make 20%, 50%, 100% or even 1000% in the past and I had done that few times. However, I gave them all back to the market because I did not follow my rules and was too greedy.

With all the trading skills I have, I should only focus on following my rules now and the results will follow too.

Read my rules at least few times a day and hope I can follow them every day, every every trade.

Its not my business, but i would suggest to trade smaller lots, till you make constant profits for lets say 6 months. Then you change lot size.

What happened in the past, does not mean it will happen now. Maybe your method is not always working.

Why risk big ? Losing $300 in one day - no fun. It would be better to lose $30.



Wish you well,
Have good Weekend !

LoveA,
you are not following your rules, this thread is about 100 % discipline. You made your lot size double, but your equity did not grow....

For me this is the biggest mistake i did, when i started trading.

But you did some nice pips and it will be going good, just be careful ...

Good luck !

This thread is about training on discipline better than 100% discipline.

But anyway, sometime you just have to cover your trade with scaling in and out.

Good luck fining your way to discipline then!

LoveA are you still tradeing ?We lost you for some time.Hope you are fine.

I am still training myself to be disciplined and I know it's very hard to do so.

All rules should be followed all the time. However, the trading size has been changed because I learn a new risk management system which is a confidential information at this time.

HERE ARE MY REVIEW OF MY TRADING IN THE PAST MONTH:

1. Trade size: 2 mini lot per $3000 equity (I CHANGED THIS RULE ONLY).
2. SL of 10 to 25 pips for every trade. (I BROKE THIS RULE FEW TIMES IN THE PAST)
3. Only 1 open position at a time.(THIS IS THE ONLY RULE I FOLLOW)
4. Up to 2 trades per day.(BROKE IT MANY TIMES, NO GOOD)
5. TP is 10 to 120 pips. (YES)

I must remind myself what I need is 5% per month. No need to overtrade.