Consistency is Everything

I just want to say, Consistency is everything. 

Trading is ALL about Consistency. If you find a system, you do reasonable backtesting and some forward testing and you find that it gives you a statistical advantage (an edge) then the next step to take is simple. Just trade it. 

One must stay consistent. IF you keep adding or deleting indicators to your chart day in a day out you probably are not consistent. And how can you be consistent if you keep changing the environment for your mind and your eyes. Your eyes must see the same picture over and over and must not expect changed picture everyday. Meaning, if you keep using different templates on a weekly or daily basis, consistency will be hard to achieve. 

Beware The Template Syndrome: So I urge everyone to select a template and then forget about other templates. If you're like many of us, you probably have over a dozen templates in your mt4. I've seen some people when they click on their templates button two or 3 columns appear, yes hundreds of templates. But that leads to nothing. Our first indicator is price, you can add 2-3 more derived indicators anything more than that would just complicate things. Trading is ALL about consistency. and "Consistency = Patience + Discipline. "

If you want success in trading you must treat it as a business. You must be thorough. You must keep a journal and record everything. Accurate recording leads to better faster learning and helps with consistency. In a phrase successful trading is nothing but acquiring a personality trait. Being Consistent.

Let this be your new years resolution. To remain consistent so that you may find success and remain consistently profitable. 

Change Future Events

To Change Future Events, the following steps are required

1. Be happy and grateful about the current.

(The Power of Gratitude - Make a Daily Routine of Gratitude Process e.g. A Gratitude Diary)

2. Forgive and Love yourself for the mistakes of the past.

(Use the Power of EFT, Affirmations and Meditations - Give yourself a tribute of Silence everyday. e.g. Close your eyes, and take 3 deep breaths, inhale as much as you can and release slowly and accept and love yourself mentally)

3. See yourself happy and successful in your mind's eye in the future.

(Benefit from the power of Visualisation, Mediations and Affirmations)

.More on this inside The Mind Section of our Forum [Premium Membership]

A Good Strategy Needs a Good Trader to Succeed

Hi

I'd like to share a quote from a great trader and trader maker Dennis Richard who invented or created the Turtle Trading Strategy. One of the most successful trading strategy ever and he proved that he can actually make traders.

You need Discipline to be successful. But you cannot be disciplined if you don't know how to work with your mind. We have a special section in our forum dedicated to The Mind.  Here is what he said, quoted in Jack Shwber's amazing book New Market Wizards

You see, he said that you can publish his rules yet people won't be able to follow it and find success. That is because you need to learn from someone who can teach the other factor that contributes 80% towards success in trading. And that is Discipline. I believe AIMS Stress Free Trading is based on a concept that allows you to find peace of mind and techniques to become more disciplined.

All the best

Immy