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Thread: Consistency for your trading plan

  1. #51
    Quote Originally Posted by Real View Post
    You know it is one thing having a trading plan and then another thing being able to follow that trading plan up. That is why the traders needs to always focus on not having so much trading plans, have just one and focus on making it work, you should change it after six months, if it is not working for you, that is how I see the market and how it works.
    Consistency is a very crucial thing that every trader needs, we need the consistency with trading strategy we use, we need it in the plan we have likewise. Not that we will have this plan today and change it another day. Such things will not let the trader to have focus of trading, and that trader will be harming himself indirectly with this act.

  2. #52
    i love the quote by bruce lee its really inspiring,now i see where all my mistakes come from.i try learning many strategy other than learning to be perfect using one strategy,i have also read the quote about one of the greatest trader of all time which says,there are many shoes in the cupboard you should pick one that fits your leg and wear.its very interesting how we don't need all the strategies in the market to survive but just one to be successful.

  3. #53
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    Consistency in trading is very important and I think for you to actualize your means of making profits, you will have the ability to make steady practice to detect what works out for good. Planning on this trade is a helpful one and with the right means of making a good profits you will have to earn good always. Good consistent means of earning good is important and with your right plans you must know what you must work on to see you could have high quality trading.

  4. #54
    Quote Originally Posted by Tonycee View Post
    Consistency in trading is very important and I think for you to actualize your means of making profits, you will have the ability to make steady practice to detect what works out for good. Planning on this trade is a helpful one and with the right means of making a good profits you will have to earn good always. Good consistent means of earning good is important and with your right plans you must know what you must work on to see you could have high quality trading.
    Practice to trade with smallest lot size and get small profits as well. This will help us to train our skill to be consistent and help us to get used to the psychology of consistent trading. As time passing by after we trade a lot with this method, we can slowly increase our target while keeping the habit of consistent profit and stable earning with money and risk management.
    rules made to be followed, not to be broken

  5. #55
    All what a trader needs is the use of just one trading plan, then the trader has to be consistent with that trading plan. Having more than one trading plan and then having more than one trading strategy will never make it easier for any one too be able to make money and be consistent with profits. Quality is achieved if we can focus on one trading method.

  6. #56
    Quote Originally Posted by ajagbeolegba View Post
    You are right, consistency in trading is good, that is what every trader needs so that they can become successful. If a trader is making money, but that money is not consistent, the trader will not know when he will lose all the money in his account. And what we can do to make consistent money is to have good trading system and plan, if that is fixed, then the trader will always override the market with ease.
    It is bad for traders to be making money in inconsistent way, the trader will soon lose the former income he or she have gathered. Consistent money making is the only way in which we can be making income and become successful over the time, and every forex method which can make this happen is what we should go for. Much practice is necessary, this is what will bring more understanding to earn regularly to us.

  7. #57
    Quote Originally Posted by Makaveli View Post
    All what a trader needs is the use of just one trading plan, then the trader has to be consistent with that trading plan. Having more than one trading plan and then having more than one trading strategy will never make it easier for any one too be able to make money and be consistent with profits. Quality is achieved if we can focus on one trading method.
    Well a single strong method can sure give traders the very ability to manage their risk and make consistent profits with the right trading system. Consistency will come when better plans on how to build and follow up a good system is made. We have to develop the right method of trading and have to build a profitable means to which we can earn from this trade and sure get to see we can make proper earnings that will guide us in making that goals of ours come to reality.

  8. #58
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    It all takes discipline for the trader to be able to have a trading plan and then stick to that. It is hard, apparently this things are so much simple to write about but when it comes to the real trading. The trader gets to know that forex trading isn't just all about that. One have to learn and make plans, maybe multiple and know what works for them.


  9. #59
    Trader Sascha's Avatar
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    the consistency remains unstable for traders who can't manage their own emotions in trading and can't move on from their bad trades. evaluating our whole performance will give us some hints about our strategy to fix things up in anything that previously less working. gathering positive points with our strategy to make everything works smoothly is very tough to do.

  10. #60
    Trader Lyon's Avatar
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    For us to become consistent with the market. We need to always make sure that we have a good discipline. Follow just one plans, don't try to make it so much and then complex. The market is risky, so therefore the best thing is to always make use of good trading approach. Trade with the use of one plan at a time and never change it nor make use of a plan that entails fast money making.

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