Profit
New operators always imagine, all the time, new ways of how you can make more profits from operations in forex (assuming they are already really profitable).
For this, they try to set goals based on a specific number of pips per day, per week or per month.
Definitely this is not the best way of working. Ideally, first, is to keep the focus on the process, the rest comes next.
One of the problems of working that way, determining a specific number of pips is the frustration that you have, when you do not reach the goal. Then the trader begins to tell yourself you need to try harder.
And then you begin to focus both on achieving that goal, losing the overall view of the process, one necessary step-by-step to achieve your goals.
And then, even following each of the rules of your operations plan, you still lose money.
This temporary setback should prevent it from sticking to the process that you normally use to operate?
Of course not! Especially in a short period of time.
At the end of each day of operation, do not devalue doing accounts of how much money earned. Instead, ask yourself:
I followed all my rules?
Performed each of the operations that signaled my system?
If you answered yes to both questions, you can greet.
Whether in the day there was a loss, remember that within certain limits it is part of your plan.
If you answered no to any of them, you can be martyr. Although it is fun, be did not follow your rules are certain that the way to fail in forex is right.
Set your operation process written in the operation plan. If it makes sense and is in line with your operator personality, pips and profits will come naturally throughout your operations in forex.
For this, they try to set goals based on a specific number of pips per day, per week or per month.
Definitely this is not the best way of working. Ideally, first, is to keep the focus on the process, the rest comes next.
One of the problems of working that way, determining a specific number of pips is the frustration that you have, when you do not reach the goal. Then the trader begins to tell yourself you need to try harder.
And then you begin to focus both on achieving that goal, losing the overall view of the process, one necessary step-by-step to achieve your goals.
And then, even following each of the rules of your operations plan, you still lose money.
This temporary setback should prevent it from sticking to the process that you normally use to operate?
Of course not! Especially in a short period of time.
At the end of each day of operation, do not devalue doing accounts of how much money earned. Instead, ask yourself:
I followed all my rules?
Performed each of the operations that signaled my system?
If you answered yes to both questions, you can greet.
Whether in the day there was a loss, remember that within certain limits it is part of your plan.
If you answered no to any of them, you can be martyr. Although it is fun, be did not follow your rules are certain that the way to fail in forex is right.
Set your operation process written in the operation plan. If it makes sense and is in line with your operator personality, pips and profits will come naturally throughout your operations in forex.
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