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Taking Your Trading To The Next Level:

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Old 08-08-2009, 02:00 PM
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Join Date: Dec 2007
Posts: 264,183
Default Taking Your Trading To The Next Level:

This thread is intended to motivate live traders to take their trading to the next level.

Live traders are in a position to help motivate other live traders with motvational posts about a good trade.

There is nothing better for a trader to hear than a fellow trader just hit a trade for 70 pips and what he did right to do it.

No one needs to explain their trading methods but an explanation of what he did right would help motivate other traders to trade right as well.

For example:

Friday I had a good day because I followed my methods- to the tee-, didn't make any mistakes, and I knew when to quit.
I knew that as soon as the volatility dried up I would quit because I didn't want to give back ANY profits.
Sure enough, at approximately 1pm(est) the volatility dried up (forex market) and I quit for the day- on my highs.
If I had continued trading- I would have given back profits.
I think that, depending on the method, it is helpful to be aware of when the volatility dries up.
Let's face it you can't surf if there are no waves.
I'm sure there are ways of trading where volatility means nothing; however, the way I trade, if the volatility dries up I am gone.
Also, mistakes are deadly and I didnt make one.

In short, Friday was good because I didn't make a mistake and I quit when the volatility dried up.


Feel welcome to make a motivational post when you do it right, I think that this positive group energy would help traders take there trading to the next lvel.


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