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Members - Essential

Welcome to all members.

Right from the outset of your trading career you need to establish routines that enable you to maximise success. Remember that trading is based on probability and to weigh probability in your favour, requires consistency. Consistency is attained using routine and rules.

  • Print the economic calendar every Sunday night/Monday morning. Available on the Noticeboard.
  • Choose a time of day to trade that best suits your lifestyle, allowing you to focus on your task with an uncluttered mind.
  • Use a Trading Form every time you trade
  • Read your manual more than once
  • Set up your rules, print them out, display them prominently

NOBODY gets every trade right. Those who succeed earn it through diligence, consistency, control and attitude.

  • This is an apprenticeship. If you want it to be a career, you must stick with it and learn.
  • By following rules you will create a rythm that will foster seemless transitions through all stages of your journey.
  • You will need to control greed, impatience and fear. This is easiest done with discipline and employing equity and risk management.
  • HAVE FUN - enjoy the journey

 

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Recommended Reading
Trading in the Zone:
Mark Douglas
 
The Disciplined Trader:
Mark Douglas
 
Market Wizards:
Jack Schwager
 
New Market Wizards:
Jack Schwager

 

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