Stay Focussed

Please don’t forget  to keep telling me your trading stories. I am able to then share more stories like the one below,and we all get to learn from our collective experience.

“Hi Chris,

Thanks for this I found it really interesting as although I’m not going to take up your great offer it re enforced  to me exactly how I trade FX 10- 20 pips targets per day 5 lots at a time I’m in most trades for no more than 20 minutes, which has and is producing really well for me and I  average around 400 pips a month total working for a couple of hours a day, this concept is exactly how I view the markets, get in get out enjoy your life. So if it isn’t broke don’t fix it.

I spent a good couple of years trying to be in everything checking the markets all the time feeling like I missed out etc. now it’s great I’m in and out banked and done, the reason for the email is that I hope more Forex traders adopt this philosophy and stop doing like I did trying to chase every pip going it’s not good for your health! And also invariably it just fills your broker’s coffers not yours!

Keep up the good work and thanks for the updates.

Regards

Martin.

That’s what I like to hear, an independent trader who has got a plan… To read the rest of this reply and my summary or what you need to remember at all times, go to my blog post at     http://www.traders-live.com/blog/ Cheers,   Chris.

July 12, 2010 Post Under Trading Psychology - Read More

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