What are the top 3 things you do that improve your trading?

[1only]

I've traded Forex for 6+ years and believe we can all improve our trading by doing something different.

Can you share what the top 3 things you have done different that improve your trading?

Here are mine top 3:

1. Stop reading news, reports and analysis.
2. Simplify my trading plan from 4 pages to half page.
3. Watch and trade only one pair instead of many pairs.

 

[DashRiprock]

1. Masturbate
2. Exercise
3. Breakfast

every morning

 

[wackypete2]

1 and 2 aren't the same??

Peter

 

[DashRiprock]

Lol

 

[wackypete2]

I've traded Forex for 6+ years and believe we can all improve our trading by doing something different.

Can you share what the top 3 things you have done different that improve your trading?

Here are mine top 3:

1. Stop reading news, reports and analysis.
2. Simplify my trading plan from 4 pages to half page.
3. Watch and trade only one pair instead of many pairs.

1. Be selective and patient. Only take trades that fit your criteria.
2. I keep the TV off most of the day (that's why I'm here, lol) and the house phone in my office unplugged.
3. I set blocks of time to trade instead of turning the computer on for 10 minutes and trying to "find" a trade.

Peter

 

[1only]

1. Be selective and patient. Only take trades that fit your criteria.
2. I keep the TV off most of the day (that's why I'm here, lol) and the house phone in my office unplugged.
3. I set blocks of time to trade instead of turning the computer on for 10 minutes and trying to "find" a trade.

Peter

totaly agree with you. Yes, must be patient and selective.

 

[EricReed]

1. wait for my profit limit to be reached instead of closing a trade early
2. Wake up on time, I should be waking up at 6:00am GMT instead I wake a 7
3. make more money

 

[Gromito]

1. Trust my technical signals - it's better to miss a trade than get into the wrong trade

2. Be patient - both waiting for the right trade and then waiting for my trade idea to come to fruition

3. Being aware when I'm breaking either rule 1 or 2 and being emotional. I'll take a break and litreally leave my screen if I feel I'm not calm enough to think objectively.

 

[shadowninja]

Very good points in all the above posts.
Mine:
1) Know what works for me and stick to it.
2) Only trade if I have a sense of the direction to be trading in (ie if in doubt, stay out).
3) Don't get cocky and think you're invincible.

 

[TheBramble]

1. Masturbate
2. Exercise
3. Breakfast

every morning

Why have you split them into 1 & 2?





edit: was just about to delete this after I carried on reading and saw wackypete had beat me to it, but then, thought that was probably funny too...

 

[TheBramble]

1. Have specific trading entry and exit criteria.
2. Use your specific entry and exit criteria.
3. If you find any desires to use discretionary overrides on your specific trading entry and exit criteria arises from your loins; masturbate, exercise and then go and have breakfast. After that, come back and if your discretionary desire turned out to be a good one, mark it down for further research and if it stands the test of time incorporate it into your specific entry and exit criteria. If you find yourself wantonly exercising whimsical discretionary overrides on an impulsive or immediate basis; masturbate with spiked gloves on; exercise naked in Firth Street on a Friday night whilst being chained to a lamppost and eat breakfast from whatever you can scrape out from the bottom of the Dim Sook F’un garbage can in the morning.

 

[L0ck_St0cK_B0LL0cks]

1) stay focused
2) imagination has no place in finding a trade.
3) don't be afraid of being wrong

 

[BeginnerJoe]

1) Stop trading, and go to casino
2) Go home
3) Get a job

 

[Doomberg]

1: Always keep stake size the same - never double, triple up
2: Stick to my exact rules and wait for my favourite set ups
3: When i get it wrong or see a direction change, gtfo the trade

These are probably my top 3, although i still can't stick to them 100%

 

[YouAreNotFree]

- Trade my plan
- Maintain discipline
- Learn constantly

 

[0007]

1. Collect, collate, analyse trading metrics and amend methodology/strategy if/when appropriate.
2. Understand & use risk/money/trade management to achieve optimal returns & avoid wipeout.
3. Work on the psychology aspect of trading when 1 & 2 are in reasonable order.

 

[forker]

Sex
Drugs
Amsterdam

 

[0007]

Sex
Drugs
Amsterdam

-- Nah! - that's why you want to improve your trading.

 

[forker]

Exactly, banging hookers ( because its legal ) and getting high (because it's legal) needs funding.. What better incentive to improve your trading

 

[DashRiprock]

thats why them optiver jobs r so well ard to git