Five things to improve your trading

https://www.investopedia.com/articl...ings-deliberately-do-improve-your-trading.asp

1) Get someone to watch you to make sure you're following your plan
2) Ignore the noise
3) Demo trade until you are profitable
4) Clear your mind
5) record and review.

I'd say #1 and #3 will help the most.

 

I'd say #2 - which to me includes other people's list of what to do or not do.

 

You missed the number one thing.

HAVE AN EDGE

Most traders have no edge so no amount of 1 through 5 will help them.

 

+1 re edge ..... and turn it into specific rules that you try not to break (like my 2day high low rule)

 

Thanks deaddog,

Where do I obtain a trading plan from? What is a good resource/book.

Right now I am just trading what I feel like. I need to get more organized.

Thanks,

 

fan27,

Well, that's why a trader have to demo trade to seek/prove edge, right?

Thanks,

 

My ideas re trading plan

www.trademastery.com/flowchart.pdf

 

The best plan is one you write yourself.

The template I used was from John Carters Book "Mastering the Trade".

 

I agree.

If you can't define your edge then you probably don't have one.

However if you don't have the disciple to follow your plan you'll never know if you have an edge and if you can't make money sym trading you probably won't with real money.

If nothing else you save a lot just follow those 2 steps.

 

Thank you deaddog