Five things to improve your trading

[deaddog]

https://www.investopedia.com/articl...ings-deliberately-do-improve-your-trading.asp

1) Get someone to watch you to make sure you're following your plan
2) Ignore the noise
3) Demo trade until you are profitable
4) Clear your mind
5) record and review.

I'd say #1 and #3 will help the most.

 

[SunTrader]

I'd say #2 - which to me includes other people's list of what to do or not do.

 

[fan27]

You missed the number one thing.

HAVE AN EDGE

Most traders have no edge so no amount of 1 through 5 will help them.

 

[KCalhoun]

You missed the number one thing.

HAVE AN EDGE

Most traders have no edge so no amount of 1 through 5 will help them.

+1 re edge ..... and turn it into specific rules that you try not to break (like my 2day high low rule)

 

[SimpleMeLike]

1) make sure you're following your plan

Thanks deaddog,

Where do I obtain a trading plan from? What is a good resource/book.

Right now I am just trading what I feel like. I need to get more organized.

Thanks,

 

[SimpleMeLike]

You missed the number one thing.

HAVE AN EDGE

Most traders have no edge so no amount of 1 through 5 will help them.

fan27,

Well, that's why a trader have to demo trade to seek/prove edge, right?

Thanks,

 

[KCalhoun]

Thanks deaddog,

Where do I obtain a trading plan from? What is a good resource/book.

Right now I am just trading what I feel like. I need to get more organized.

Thanks,

My ideas re trading plan

www.trademastery.com/flowchart.pdf

 

[deaddog]

Thanks deaddog,

Where do I obtain a trading plan from? What is a good resource/book.

Right now I am just trading what I feel like. I need to get more organized.

Thanks,

The best plan is one you write yourself.

The template I used was from John Carters Book "Mastering the Trade".

 

[deaddog]

You missed the number one thing.

HAVE AN EDGE

Most traders have no edge so no amount of 1 through 5 will help them.

I agree.

If you can't define your edge then you probably don't have one.

However if you don't have the disciple to follow your plan you'll never know if you have an edge and if you can't make money sym trading you probably won't with real money.

If nothing else you save a lot just follow those 2 steps.

 

[SimpleMeLike]

The best plan is one you write yourself.

The template I used was from John Carters Book "Mastering the Trade".

Thank you deaddog