SUCCESS!

Psychological factors?

Diligence and time.

When a trade goes

against a trader, there can

be a wide range of

reactions.

“Why does the loss anger

this particular trader?"

Mad at being wrong?

Too much pressure?

Control issues?

It’s a long process……

Will often require a

paradigm shift.

Some mistakes

are a little easier to fix.

How we think will

dictate our behavior.

It is our behavior that will

determine our outcome in

everything we do.

Whatever method you are

trading should be covered

fully in a trading plan.

Don’t watch every blip.

Have someone else set

up your positions.

Stay away from forums,

Twitter…….

There are also those

mistakes that happen

because you

did not pay attention.

I use FX retail market for

position/swing trades.

I use the currency Futures

market for volume.

I was looking at USD

strength over CAD.

Let's break down this

trade and you will see the

trading mistake I made - it

falls right into the "easily

fixed" category.

Symmetry projection from current low

CAD FUTURES WEEKLY CHART

Low not confirmed

until high is taken out

Pullbackfailure

Complex correction forming.

Trend resumption to downside.

Consolidation forming.

CAD FUTURES DAILY CHART

LOW VOLUME BREAK

Daily CAD Volume

Daily CAD Volume

Higher volume into support

USDCAD FOREX DAILY CHART

Higher lows into resistance

No recent O/S or current

O/B on this breakout

Initial stop at 2X ATR

The mistakes I made were

easy to fix:

Follow the trading plan.

The conditions to put the

probabilities in my favor

were not present.

If we classify trading

mistakes, this is not an

account ending error.

Follow one of the most

important rules:

Watch Your Risk!

Slick marketers will try to

sell you all the glitz behind

trading.

Find your setup

Place your trade

Reap the profits

It's never

that easy

If we lose, lose by

doing things right.

Ensure you take your

trading mistakes seriously.

There are many things we can't control in trading.

Control what you

can control.