STICK TO EXIT/PROFIT TARGETS AS SOON AS IT HITS TARGET CLOSE THE TRADE NO HESITATION

STICK TO THE PLAN LET THE TRADE RUN


EMOTIONAL CAPITAL TAKES MONTHS TO BUILD AND SECONDS TO LOSE PRESERVATION IS PARAMOUNT



THERE WILL BE NO SETUP THAT TELLS YOU EXACTLY WHAT TO DO - USE YOUR INTUITION




Thursday, 17 May 2012

PSYCHOLOGY

YOU HAVE TO STOP GETTING OUT OF TRADES TOO EARLY I CONTINUALLY FIND THE RIGHT ENTRIES AND THEN GET OUT ON A MINOR MOVEMENT I DON'T LIKE

IF YOU DON'T STOP DOING IT YOU WILL NOT GET ANY FURTHER THAN WHERE YOU ARE RIGHT NOW!!!

Stop looking at the p&l and just watch the chart know your exit and stick to it.

There is a reason why finding the entries is about 25% the rest is psychological.
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