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 seriouly , 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 markets 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 succedding. 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 on 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!