Next week my focus will be on Back Testing Correctly, as a New Student. How to Log your observations, what to study, why it matters and organization with Key Levels and PD Arrays.
Caiden requires this, so you will get it too.
A moment of pain for a lifetime of glory.
That's what you need to endure if you want to succeed at trading.
Most of you get lured into taking that next trade on impulse. Oversizing. Trading against your plan.
Every time you do it, the further and further you get from reaching your goals.
It's uncomfortable to sit with a loss on the day/week. Admitting you were wrong, and not letting it impact your next trade.
It's what every great trader knows how to do.
The secrets to effective & consistent profitability:
1) Adhere to a simple model.
2) Know what you want to make and it feeds you, leave something on just in case you were wrong about how much more.
3) Don't ask others for opinions, analysis or tips.
4) Manage Risk impeccably - ALWAYS.
5) Don't chase new things after you found your model.
6) Allow others to hold opinions - even if they are diametrically opposed to yours.
7) Unless you run a signal service, keep your opinions to yourself.
8) Make your bread, eat and go live for the day and find ways to bless others with it.
Anything else is BS.
You either choose to allow people who never did it, won't try or can't believe it, to convince you the same... or you work for it, until you proved them wrong.
Only one choice lives a legend life.