Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

forexpro

Do You Have Trading Resolutions for 2013?????????????

Recommended Posts

Have you critically evaluated your trading performance in 2012? What strategies worked for and against you? What mistakes did you make and what wise decisions increased your net worth?

Well, if you have walked back into the trading arena without looking back at your performance in 2012 then you most probably will make similar if not worse mistakes. Trade differently this year by making feasible and achievable resolutions that will guide your trading.

Here are some of the resolutions I have made:

1. Start by improving your personal life

The benefit of having an all round life is that it will reflect positively in your trading behavior, and eventually in the profits that you will make. This year, plan your time well, be objective, disciplined and stopping wasting time on things that do not really matter. If you start on a project, complete it.

2. Stick to a trading method that has worked for you, but at the same time, learn new strategies

Many traders struggle to make money because they try to apply all strategies they know at the same time. It may help you better if you stick to one strategy all year round and not jump from one strategy to another. Try and specialize in one trading area and teach others how to succeed in it too. 

3. Set a time limit for trading

Spending too much time watching charts may end up being counterproductive. Set an adequate amount of time that will be productive and enough for you to watch your charts and make good trading decisions. Too much screen time has led to hypnotism of some traders which has resulted in them in making trades that are not really valid. However, you can spend as much time as you would like increasing your general investor knowledge.

4. Keep it simple- think less, analyze less, but take action

Humans tend to complicate many things including trading. Keep to one strategy that will guide you to victory. Remove all kinds of unnecessary clutter from your charts that tend to blur your decision making. Do not spend too much time analyzing as this may complicate and eventually confuse you.

 

KEEP IT REAL. HAPPY 2013 :cool:

Share this post


Link to post
Share on other sites

My 2013 resolution is to be more disciplined.

 

Your resolutions r valid and, if implemented, will produce better results. If we want to group all of these points under one major head, it will be discipline. Basically if u r disciplined in trading, it will benefit u a lot. Your learning pace will be increased. Your analytical skills will increase. You will be able to control ur emotions.

 

Traders should analyze their weekly, monthly, quarterly, semiannually and annually. Compare ur performance with past periods and see where u lack and where u r strong. Sometimes traders change their trading strategy completely and ignore strengths of that strategy. So traders should concentrate on areas where they r weak.

Share this post


Link to post
Share on other sites

I have only been trading forex lately..

So my resolutions for this year will be to open a stocks trading account..

Also, to generate further money to boost my investment power...

Share this post


Link to post
Share on other sites

Ya i do have many trading resolutions for this year. Well first, i will now trade Forex more seriously (no gaming and facebooking inbetween :roll eyes:) as this was what i was doing the most when i was on an open trade. I going to focus and increase my general knowledge about the market and use it to boost my Forex trades. Am sure if i do that am going to achieve my goals!

Share this post


Link to post
Share on other sites
Ya i do have many trading resolutions for this year. Well first, i will now trade Forex more seriously (no gaming and facebooking inbetween :roll eyes:) as this was what i was doing the most when i was on an open trade. I going to focus and increase my general knowledge about the market and use it to boost my Forex trades. Am sure if i do that am going to achieve my goals!

 

which games during play in between trades ..its something i sometimes do myself ,playing MMO's ..:D

Share this post


Link to post
Share on other sites
which games during play in between trades ..its something i sometimes do myself ,playing MMO's ..:D

 

Well there is lots of games that i play inbetween my trades. Sometime it can be soccer, sonic, mario, carts, many others :haha: I hope that this year am going to trade more seriously and get some good profit!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
    • Please allow me to retort (in jest): RESPONSE 1 : Get a job supervising others where you're in control of performance reports and ride those others 100%. This makes your performance 100% with little to no effort.   RESPONSE 2: Feel free to piss off your boss but stay nonviolent. When the side effects of his viagra and testosterone boosters cause him to physically assault you, you have the legal upper hand. This can result in a boatload of trading capital.   RESPONSE 3: Feel free to have intimate relations with your boss if she finds you attractive. Rest assured that mum's the word because once again, you have the legal upper hand. This can also result in a boatload of trading capital.   RESPONSE 4: Don't be fake friends with any enemies... unless you need information from them. Being fake friends with everyone will cause you to become an empty shell of a person with no direction in life.   REPONSE 5: Get your boss to become reliant on your performance (really, just the performance of your subordinates), and then plan an "overheard" conversation wherein you fake an interview with another potential employer. You'll probably get a pay increase or a promotion.   RESPONSE 6: If you can give your 75% percent to a project, give 50% and rely on your legal upper hand(s). Learn to write trading algo's during your other 50%.   RESPONSE 7: Take all of the office boys out to nightclub where you merely sip soft drinks on a weeknight. Upon your return to the office in the morning, inform the security guards that all of the office boys are intoxicated. Your boss will love you for it.   RESPONSE 8: Never try to prove your client wrong or find faults in their processes, but do secretly collect their information in case you jump ship or "someone you know" decides to start his own company.   RESPONSE 9: Never stay in a firm for too long. Instead, use your ill-gotten capital to exit the rat-race and start trading.   RESPONSE 10: Trading pays more than your career. Interpersonal skills are now irrelevant. Use your technical skills for trading. Never stop learning and keep updating your technical skills.😁
    • There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
    • Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.  
    • In my opinion these candlestick charts are more easier to understand as compared with the other charts.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.