New Years Resolutions (trading)

Hi all,

I suppose that the end of one year/start of the next is a perfect period for both reflection and looking forward. So, with that in mind, I wondered if any of you have thought of specific things/habits that you wish to start/stop/continue as we get stuck into 2016.

This thread isn't aimed for people to share trading systems particularly, more the smaller things that add up to create a system.

For example, for me, it's my plan to --

Never risk more than 1.25% of my capital per trade and stop trading for the day if this loss is reached
Only have one trade in the market at any given time
Stop trying catch 'falling knives' and wait for price action to settle before taking a position
Go for slow and steady targets, rather than trying to hit home runs with my trades
Keep a manual journal of my successful and unsuccessful trades
Continue to develop my knowledge on both the technical and fundamental sides of trading
To keep my charts as clean as possible
Be patient with trades.
To turn a profit!

I'm sure there are more, but that's me for now!

Good plans!!!
What I plan to do in 2016:

go to bed no later than 10pm and get up at 4h30 am
at least one trade, no more than two trades per day
improve my trading system
get my loss back from the market



Happy New Year and Good Luck!

I'll play along

-Be a better supporter of this forum!
-Trade only the assigned charts for each system traded (no trading H1 charts if the system is built for a H4 chart).
-Stick with the system no matter what and take every signal provided.
-Risk no more than 2% of portfolio (hasn't really been an issue), using a standard 1%/portfolio lot and only trade 2% when I receive multiple signals.
-Develop at least one more system by years' end.
-Learn more about Renko.

Good luck in 2016

To make a profit so large that George Soros and Warren Buffet both stop by and give me a high five.

My goals pretty much stay the same year after year. Continue to make a reasonable profit that I can live on. To build a deeper understanding of how the markets move. Refine my existing trading methods to reflect the better understanding of market movements.

Oh, and to take over the world...... muhahahahaha.....

Oh goody.... another person who thinks trading can only be done their way.

So what indicators do you recommend?

Pls help im new to forex

You could perhaps make a case against the reliability or the usefulness of oscillators like stoch and RSI, but they're certainly not lagging.

It's a good list, especially the following:

Happy New Year

Try to never repeat mistake.

trade with passion and patience..

My most important new year resolution is that I should really stop listening to other people's opinions when I trade and I should be more confident in my own.