Another great post from XRAY bro ,,,,
Psychological drill which i have adopted:
Psychological drill is nothing but routine which a successful trader should follow for flaw less execution of his plan ,to keep attached to system and for get riding system hopping thought process .it is not much useful for newbie and struggling traders as they need to learn lot on system, risk management and position sizing still in learning phase to develop a system.
i'm not a coder, nor interested in algo so followed below routine points,which have worked for me,it is not universal proof ,just pinning general points to keep it simple.
1. Study your system rules daily before market start,never ever violate this routine to bring focus and calmness in mind.
2. To keep phase always start small ,stop watching MTM screens ,this helps in get riding of result oriented mind set ,thought process should be to the follow the plan rather then dreaming results, practice this for at least one quarter ,later move to original qty, after you notice flawless execution, i have done this for 6 month, to 1 year..basing on intra /swing /positional
3. Never watch trade log of other traders ,which are available in social media,just to keep in mind that its a fallacy , every system is different and results will be different ,what matters is your system and position sizing,execution
4. Matrix of system is reality it is part and parcel, you cannot runaway from it ,don’t try for magical movement.
5. Get out of social media particularly of traders account /forum for a month , if needed for more months to adopt flaw less execution and follow through, later come back to test your thought process.if you notice you are still running after any new system or change of ideas after watching trade log/,posts. repeat above process once again 1 to 4. after all we need soldier mind set for success
Psychological drill which i have adopted:
Psychological drill is nothing but routine which a successful trader should follow for flaw less execution of his plan ,to keep attached to system and for get riding system hopping thought process .it is not much useful for newbie and struggling traders as they need to learn lot on system, risk management and position sizing still in learning phase to develop a system.
i'm not a coder, nor interested in algo so followed below routine points,which have worked for me,it is not universal proof ,just pinning general points to keep it simple.
1. Study your system rules daily before market start,never ever violate this routine to bring focus and calmness in mind.
2. To keep phase always start small ,stop watching MTM screens ,this helps in get riding of result oriented mind set ,thought process should be to the follow the plan rather then dreaming results, practice this for at least one quarter ,later move to original qty, after you notice flawless execution, i have done this for 6 month, to 1 year..basing on intra /swing /positional
3. Never watch trade log of other traders ,which are available in social media,just to keep in mind that its a fallacy , every system is different and results will be different ,what matters is your system and position sizing,execution
4. Matrix of system is reality it is part and parcel, you cannot runaway from it ,don’t try for magical movement.
5. Get out of social media particularly of traders account /forum for a month , if needed for more months to adopt flaw less execution and follow through, later come back to test your thought process.if you notice you are still running after any new system or change of ideas after watching trade log/,posts. repeat above process once again 1 to 4. after all we need soldier mind set for success
Excel fx ( =ROUND(LN(A2)/-LN((1-(A1/100))),0 ) A1 percentage A2 50000 trades
Like reverse engineering psychology
