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CHFSGD Daily |
So here is the first entry of my trade journal. I'm not very happy about this trade, for the reason stated in the screenshot. While it is not my fault that I failed to notice the S/R flip level until I'm in the trade, I still think that I'm not disciplined enough. The past few days have been very dull and I could feel the itchy fingers syndrome sneaking up. I need to be razor sharp focused, patient, and disciplined at all times. I have to trade like a sniper, I cannot afford to be hasty. I'm not a bad trader if I go for days without trading and everyone else is killing the markets, I'm a bad trader if I start taking sub optimal trades just to feel part of the crowd.
Pranti's PDF really reminded me of a lot of things, and I need to be even more determined to only take the very best trades with a good R:R ratio. I do believe that there exists a feeling of absolute confidence that a trade will go well. This feeling has only occurred twice for me this month -
AUDNZD and GBPCAD trades. When I took those trades I was very relaxed and not anxious at all. It was as if I knew for sure the trades will work out, and they did. I need to only take trades which give me this kind of feeling. Such is the selectivity and discipline that is imperative to being a good trader.
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