In order to see the «final picture» of the puzzle, or to achieve
consistent trading success, you have to put each piece of the puzzle in the right spot, or following your trading process meticulously on every trade you take.
Long - term
consistent trading success is really only possible if you develop and maintain the proper habits as a trader.
If you can implement these three things with discipline and consistency; simple trading strategy (price action analysis), money management and realistic trading expectations, you will be well on your way to developing the proper trading mindset and as a result,
consistent trading success.
You truly need to focus on the trading not on the money if you want to have a chance at keeping your emotions at bay and obtaining
consistent trading success as a result.
Many traders struggle for years trying to trade lower time frame charts, eventually they either give up all together because they have lost too much money to bear, or they figure out that trading the higher time frames is a necessary component to
consistent trading success.
Not exact matches
At Learn To
Trade The Market, we take the view that whether or not a retail trader (like you or I) achieves
consistent success in the market depends heavily on which method the trader uses.
It's easy to hit a few winners, but how do you parlay that into more
consistent, longer - term
trading success that you can turn into a full - time income?
Having the patience to take only qualified
trades while risking
consistent, responsible amounts of money on each
trade will go a long way toward your continued
success in
trading candlestick signals.
Other than being able to control your emotions and remaining disciplined enough on a
consistent basis to not over-leverage or over-
trade and implement proper risk reward on every
trade, the biggest variable that can influence your
trading success is whether or not you know what your edge is and when you should
trade it.
Inside bars can be used when
trading a trend on the 240 minute charts or the daily forex charts, but I personally prefer to
trade inside bars on the daily charts and I recommend all beginning traders should stick to the daily charts until they have fully mastered and found
consistent success with the inside bar setup on that time frame.
Inside bars can be used when
trading a trend on the 4 hour charts or the daily charts, but I personally prefer to
trade inside bars on the daily charts and I recommend all beginning traders stick to the daily charts and until they have fully mastered and found
consistent success with the inside bar setup on that time frame.
Work on really designing a nice spreadsheet that you become rigidly devoted to maintaining every time you enter and exit a
trade, eventually you will find that you won't want to blemish your
trading journal with
trading parameters that don't meet your criteria of a valid setup; a
trading journal will gradually allow you to enjoy being disciplined because the more you adhere to your
trading plan and update your
trading journal on - time, the more
consistent success you will experience, and since its hard work to remain disciplined and organized, you won't want to ruin all that you have achieved with one stupid emotional
trade.
If you develop a 6 - month +
trading track record showing consistent results and profits on even a $ 1,000 account, THAT IS TRADING SUCCESS, even if you only made
trading track record showing
consistent results and profits on even a $ 1,000 account, THAT IS
TRADING SUCCESS, even if you only made
TRADING SUCCESS, even if you only made $ 500.
Once you begin to take on this mindset, and begin to think more about the «forest» and less about each «tree» (see the forest for the trees), you will begin to understand that
trading success is the result
consistent execution of positive
trading habits, week in and week out.