A Traders daily plan 2

in #trading7 years ago

TDP 4.jpg

it is essential to benchmark all ones trading rules for their validity to be principle based

f.e: markets go long,sideways and down-so it is prudent to have a long strategy a sideways strategy and a short strategy
(only 2 out of those = "two is not a choice" will squeeze the brain into non conducive trading behaviors)

since trading in principle is counter intuitive it is imperative to get in specific trading conducive states-NLP provides besides many other techniques a productive tool to compensate for this need.

It is also important to have a daily self rating methodology to trade proper size/risk not only based on specific money management rules but to compensate for the fact that one can't be a 100% each day.Fighting with a spouse and kicking the dog will not be followed by a usual trading day as such trade size and or frequency reduction is imperative especially also after loosing or winning streaks and when markets raise questions in times them behaving in a unusual way to ones experience level

feel free to ask questions about this or the prior post
@allthereisislove

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