This is the first week after Friday the 13th and I made 6 losing trades after a 30 pip win so I believe I need to be on PIP (Performance Improvement Plan).
Here are the details of my PIP:
To achieve my PIP, I need to do the following:
I also need to review my trades before and after a trading session.
Building trading skills every day is the only way to make profits from the market and it's not easy but achievable with efforts.
Here are the details of my PIP:
- Increase my Winning Ratio to 55%
- Must only take position that has 30 pips or more profit potential
- Get my balance back from $1,280 to $1,600 or up 25% in 2 weeks
To achieve my PIP, I need to do the following:
- Do Not Think about money
- Focus on trading my best setups
- First, constantly define and confirm market direction
- Check any potential reversed signals
- Wait for my best setups, most likely at pullback
- Get in with the trend with confirmation on my best setups
- If missed, wait for another opportunity instead of tracing the market by jumping in
- If stopped out or closed (win or loss), repeat the process again
- Don't need to force a trade if no opportunities.
- Review and wait these on my notebook every day before trading
I also need to review my trades before and after a trading session.
Building trading skills every day is the only way to make profits from the market and it's not easy but achievable with efforts.
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