Consistency, consistency, this is one of the most important quality I wanna achieve. Here I have a set of goals pertaining to consistency. I got the material from an article sometimes ago. I have no idea who is the author. Anyway, here is the abstract and I have added my own ideas.
I want to consistently…
- Visualize myself in tune with the market
Seeing oneself in tune with the market and apart of the ebb and flow. Great athletes constantly visualize themselves performing at their peak. In trading, which is purely a mental game, is just as incumbent upon us to do this as well and even more often.
- Be as professional as possible.
Trading is not a pastime activity. It has to be treated seriously, and professionally. We have to do the best job, possible leaving no regrets at the end of the day.
- Record my trades for review and analysis
By recording our trades and thoughts, we allow ourselves to internalize the market’s actions even more and objectively analyze our own actions.
- Look to be the agressor and proactive
Looking for setups and taking a dynamic approach to the market is critical in succeeding. Those that can consistently seek out great opportunities and then execute on them are usually rewarded.
- Following my trading plan
Having a plan is important. Being able to execute the plan is the key to success. Stick to it.
- Be patient and hit the same high quality spots
By executing the same game plan, we remove a great deal of the emotional turmoil that trading can bring.
At last, consistency in our approach leads to consistency in our profits!
Very good post Gav,
I would add that when times get rough it is very important to be its own spectator in order not to get carried away by one own’s emotions. I find the most difficult part is to be always in the correct mindframe in order not to forget all the elements that you have been listing in your post !!!
Keep up your good job !!!
Very good post Gav,
I would add that when times get rough it is very important to be its own spectator in order not to get carried away by one own’s emotions. I find the most difficult part is to be always in the correct mindframe in order not to forget all the elements that you have been listing in your post !!!
Keep up your good job !!!
Stephane,
Thanks for your comment 🙂
btw, Do you still post your trade on your blog?
Stephane,
Thanks for your comment 🙂
btw, Do you still post your trade on your blog?
Yes I do. I have not taken any discretionary futures trade since my last post. We are currently finishing the programing of an ATS with my team, takes a lot of my time !!! Hopefully will be more active in February…
Best,
Yes I do. I have not taken any discretionary futures trade since my last post. We are currently finishing the programing of an ATS with my team, takes a lot of my time !!! Hopefully will be more active in February…
Best,
ATS on futures trading. sounds great. That’s one of my goal as well. But not now. I am still in the phase of finding my edge.
Wish you all the success in your ATS.
ATS on futures trading. sounds great. That’s one of my goal as well. But not now. I am still in the phase of finding my edge.
Wish you all the success in your ATS.
Thank you for your wishes!!
We shall have it completed by end of march 07… Very exciting indeed.
Thank you for your wishes!!
We shall have it completed by end of march 07… Very exciting indeed.