1. My trading plan decides what is a good trading opportunity
2. I will keep a trading journal
3. I’m consistently a profitable trader
4. I’m in control of my emotions
5. Market presents unlimited opportunities
6. I’m happy when I follow my trading plan, and feel pain when you deviate from it
7. I cannot control the market - I can only control my actions.
8. I’m a professional trader, not a gambler.
9. I deserve to be successful
10. Trading is my business
Write what are your trading beliefs and positive affirmations in the comments below.
If you commit 100% to the process of becoming a profitable trader then time is not the factor.
My particular TRADE-MAP approach is like your 10 points (a personal discipline):
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
I also have studied others and used their great ideas. Justin Mamis is great. He says:
1. Smart selling has it's roots in smart buying;
2. There is no rule that says you always have to have action; yet that is perhaps the most disastrous of all the common errors.
Bernard Baruch said “Show me the charts, and I'll tell you the news. Have an opinion on what the market should do but don't decide what the market will do. Be happy with a percentage of the move.”
George Soros said "I don't play the game by a particular set of rules; I look for changes in the rules of the game."
And here are two from me:
“Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.”
“The only difference between genius and stupidity is that genius has its limits.”
My comments end here. I enjoy reading your charts. Thank you. Don.