Whatever you do, GOAL setting is the BEGINNING. Is not about how much money you can make..What is your GOAL?Your target? Retire rich and young? When? Ask yourself and please be honest to yourself. Before this,i do trades without a GOAL. I cannot sense WHERE IS MY MONEY?. Then,i started to developed and did some changes on my trading skills. I am a day trader (intra day). I used short or long position. I figured it out. I NEED A STRUCTURE. Here is my sample of GOAL (you must open position when you are 100% confident on daily trend). A simple volume of pips but brings a BIG figure next.My target just 30 pips per day. Check below.
* use this as your guidance
* DO NOT open position when you are not ready!
* PROMISE to yourself to STOP when you get 30 pips per day!
* Prepare yourself on technical view, fundamental and also STOP LOSS.
* If always hit your STOP LOSS,it means YOU ARE THE PROBLEM!
* High RISK and High RETURN.
* Good Luck for all traders.
I used half of the margins,and i do remind myself and for all, DO ENTRY when you are ready. DO ENTRY when you are confident with the trend. DO NOT FEEL BAD if you don't achieve target. CONTINUE tomorrow and keep doing the same way along. I SET MY GOAL. How about you? -
Tips on day trading
- Monday to Friday (survey what is the news,when,what time,2 post (15 pips) or 1 post (30 pips).
- Open position with the BANK (open Tokyo,Sydney,London,New York) Good Luck!
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