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.