A common characteristic of successful traders is that they have found a strategy that works for them. This strategy enables them to trade with a high probability of success. They use this strategy methodically over and over with each trade. Trading is routine and almost mechanical to them. If a trade fits their criteria, they take it, if not – they walk away.
A pervasive characteristic of unsuccessful and inconsistent traders is they lack rules, discipline and a clear trading method. Frequently they jump about mixing and matching different techniques and or chasing lagging indicators in search of a mythical trading holy grail.
Successful traders are patient, disciplined and focused.
None of the majors met our trade criteria overnight.
Know what you are looking for and when best to find it. If it doesn’t present itself, look elsewhere and if it’s not there, come back tomorrow.
Good luck with your trading this week!
Back tomorrow.
Questions??? Michael@privateforexcoaching.com
