PLAN YOUR TRADE TRADE YOUR PLAN.

" I have a lot of losing trades, I have a lot more winning trades but I certainly have losing trades and because the emotion takes over. So we try to push those emotions down througt having rules and making PLAN. A PLAN is so very important and it doesn`t matter you can write down your plan on paper, you can put your plan on 3m stick it note and take it and put it on the screen the one thing I would never do is just put your plan in your brain never do that because your brain will mess with you because you know what is in your brain it is emotion thing and that will change your plan without you knowing it and that is bad way to go."
~Rick Saddler "6 Steps to Profits" youtube webinar

How to choose the most important goals for yourself? And why it is so important.

First of all if you didn`t read my article about goal setting you should first read it.
I consider you applied my method so you have list of goals. Let`s say 30 goals.
Now you wonder where should I start what is the most important goal for me. Why choosing the most important goals is so important?
If you have a list of ten items to accomplish, two of those items will turn out to be worth more than the other eight items put together.
So here is my method to pick the most important goals.
Imagine that you catched gold fish (you remember the tale about fisherman and the fish) and you have 3 wishes (3 goals from your list), or maybe something you don`t have on list, something that is deeper in your mind.   What would it be? What do you really want?  You have gold fish and it can give you whatever you wish right now. What would it be?
After completing this exercise you have 3 most important goals for you.
Now it is time for planning. For work, for labor.
Remember goal without plan of action is a wish not a goal!
Till the next time.

BEST TRADING HABITS

Best trading habits list created by STEVE BURNS

1. Cutting losses short.
2. Letting winners run.
3. Following my trading rules.
4. Following my trading plan.
5. Planning.
6. Preparation.
7. Being patient.
8. Being disciplined.
9. An exit strategy for taking profits.
10. Taking my entry and exit signals.
11. Stop trading when daily loss limit is met.
12. Being consistent.
13. Keeping a trading journal.
14. Don’t watch CNBC for trading ideas.
15. Focusing on the process not the outcome.
16. Learning to code.
17. Setting trade alerts.
18. Proper position sizing based on stop loss and volatility.
19. No mind, no ego, attention without thought to the price measurement confluences.
20. Setting stop losses at entry.
21. Trailing stop losses for winning trades.
22. Looking for confluence of signals.
23. Admitting when a trade is wrong.
24. Keeping your ego out of your trading.
25. Trading the trend not opinions or predictions.

MY GOALS SETTING TECHNIQUE called "Time to set goals"

2017 is coming to the end so it is good time for reflection and also good time for new year goals.
After reading few books and articles on this subject I disgned my simple approach to goal seting.
Today I want to share with you my technique.
This technique is based on the  quote by Alebrt Eistein "Imagination is more important than knowledge.
For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand."
So let`s use our imagination.
You need three things to complete my goal setting process:
1) Clean sheet of paper.
2) Pen.
3) Stop-watch (i.e. in your smart phone).
Set your stop-watch for 20 minutes and imagine this: if I won`t write down what I want in this period of time (20 minutes) I will never achieve it in my whole life, it is my last chance. Put pressure on yourself! Forget about limitation, don`t think what is possible, write as fast as you can.
 After 20 minutes you have a list of goals to work with. The next step is to chose the most important one (with the greatest impact on your life)...I will try to write my method of chosing them in my next article.

How PRO traders think by Lance Beggs

You dont have to be GM to make a profit!

'I teach kids how to have two bicycles one to ride one to rent. You don`t have to be General Motors to make a pofit." ~Jim Rohn

What makes you rich?

"Don't buy the second car until you've bought the second house it's not cars that make you rich it's real estate that makes you rich." ~Jim Rohn