Goose’s Trading Plan: 02/08
Posted on March 09, 2012 at 12:09 PM EST
Counts in the S&P and US dollar crosses warn of a BIG move this week. Commodity currencies continue to look particularly vulnerable. Consistency is one of the most important traits of traders — consistency in the execution of their trading plan from entry to position sizing to exiting. I believe that most traders trade randomly. [...]






Counts in the S&P and US dollar crosses warn of a BIG move this week. Commodity currencies continue to look particularly vulnerable.






Consistency is one of the most important traits of traders — consistency in the execution of their trading plan from entry to position sizing to exiting. I believe that most traders trade randomly. In other words, they will look for trading opportunities indiscriminately without any process or methodology. What I want you to do is commit to mastering one trading setup and then executing it with great discipline and consistency. Take a mental picture of what your perfect setup looks like and burn that template into your mind. This will ensure that when you see a chart that doesn’t match your template, you are able to eliminate it quickly.
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