1) Set up your trading strategy:
- Clearly define your entry and exit criteria.
- Calculate position sizes based on your risk tolerance.
- Ensure a solid risk management plan is in place.
2) Trade your system:
- Execute each trade according to your predefined strategy.
- Maintain discipline, regardless of recent wins or losses.
- Stick to your risk-reward ratio to manage potential losses.
3) Become a better trader:
- Analyze your winning trades to identify successful patterns.
- Review losing trades to understand areas for improvement.
- Record emotional responses to assess psychological impact.
- Keep a detailed journal documenting each trade and emotion.
4) Keep improving:
- Continuously refine your strategy based on insights from reviews.
- Set higher standards for win rates and risk-reward ratios.
- Challenge yourself to surpass previous trading goals.
- Push your limits while remaining within your risk tolerance.
Remember, trading is a continual learning process.
Adapt and refine your approach based on experience and analysis.