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Tuesday, 09/18/2018 6:35:54 PM

Tuesday, September 18, 2018 6:35:54 PM

Post# of 90877
Came across this just now & needed a place to put it,lol! Hope you guy's don't mind.. I still don't know much about how to print stuff out very well, lol!

A reply to someone having trouble with discipline in trading....

I cannot tell you what to do, but what I can do is tell you a few things that might help:

1. Learn a stock/currency pair. Model your system for A SPECIFIC PAIR OR STOCK and back test against that one stock or pair EXTENSIVELY, doing small modifications until you have a SUPERLATIVE MODEL for that stock/currency pair

2. Trust your plan on the specific stock/currency pair it was built for ONLY !! If you do this for 2-3 stocks/currency pairs successfully, you will have most people in the market BEAT !!

3. Once you have completed the backtesting; add cash to the system SLOWLY !! Work on building confidence over time. If your system is SUPERLATIVE for that specific stock/currency pair; there is no rush to go 'all in' as it will keep you on the winning side for many months to come/many years to come.

4. Set small goals once you are SLOWLY putting cash behind your plan. Go shopping. Find an item you want and, based on how much on average your system returns when you win, see how long it would take to BUILD THE ACCOUNT so a small, disposable amount of cash would be the start and end would be you have the cash to get what you want.

The benefit here is, as you are testing with cash SLOWLY, you are giving yourself a treat as you iron out the details of your trading approach and what you have done/own now becomes tangible reaffirmations to the inner self you built a 'money tree'.....and also, that if needed you can build another one in a similar fashion

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