discipline in trading

Discussion in 'Trading' started by eleanorK80, Feb 26, 2024.

  1. BAT31

    BAT31

    Struggling with discipline? Consider putting strategy in an algo. Problem solved.
     
    #41     Mar 5, 2024
  2. ironchef

    ironchef

    For us mere mortals, just click the chart do not work, most of the time. :banghead:

    Any advice for us?
     
    #42     Mar 5, 2024
    SimpleMeLike likes this.
  3. Hello ironchef,

    Why does clicking the chart do not work for you? Please explain.
     
    #43     Mar 5, 2024
  4. ironchef

    ironchef

    Why am I not making money clicking the chart?
     
    #44     Mar 5, 2024
    SimpleMeLike likes this.
  5. Hello ironchef,

    Why are you not making money clicking the chart?

    My answer:
    Watch the entire video or start from 1:11. That is your answer. Focus on this video and then you start making money clicking.

    When one of these women ask you how much money you made today, YOU BETTER NOT say you had a losing day!!!

    Now go click


     
    Last edited: Mar 6, 2024
    #45     Mar 6, 2024
  6. ironchef

    ironchef

    There is something wrong with my brokerage's web site, I made money only when I click on buy and sell, clicking on the chart did nothing.
     
    #46     Mar 6, 2024
    Sekiyo and SimpleMeLike like this.
  7. LMFAO HHAHAHAHHAHA,

    that was funny ironchef.

    LOL, yes I mean stare at the chart and click buy or sell button.

    If you think about it logically and intelligently, what other choice do you have to make money?

    All other ways of trading take FOREVER, and the premise of trading is to get RICH, QUICKLY!!

    Trading Education is a scam and lie just talk to ET members for help.
     
    #47     Mar 6, 2024
    ironchef likes this.
  8. #48     Mar 6, 2024
  9. Most charts have trade by chart option so yes, you can click on the chart to enter a trade. It allows for a faster execution when you realize you are correct.

    The hard part for me is remembering my rules since I barely trade right now since I am doing an IT contract. The benefit is I never have a losing day since I get paid for 8 hours per day I show up but will not get paid if I take a day off.

    The downside is I have to spend 1 hour in the morning in traffic and 1 hour in traffic coming home.

    Today, I also figured out how to get the $ 5 employee lunch instead of paying full price.
     
    #49     Mar 6, 2024
    ironchef likes this.
  10. ivyluk

    ivyluk

    I think the key to effective forex trading is discipline. While it's simple to be carried away by the market's emotions, longevity depends on following through on your plan while managing risk. I've realised that using stop-loss orders and having clear entry and exit guidelines help in my discipline. It's also important to keep in mind that losses are possible even with an effective strategy. The key to success is to keep your eyes on the big picture and learn from them.
     
    #50     Mar 7, 2024
    Jzwu2017 and oraclewizard77 like this.