12143 Pole and flag set up
Trade Thesis
a) Pole and flag set up
b) HSP Set up
c) Monthly breakout
d) Weekly breakout
e) SL Compulsory
Trading mindset requirements
a) It’s NOT that winning traders formulate better trading strategies.
b)It’s NOT that winning traders are smarter.
c) It’s NOT that winning traders do better market analysis.
d)The few traders who do consistently win the game of trading are those who have developed the appropriate psychological mindset that enables them to be consistent winners.
e)There are certain beliefs, attitudes, and psychological characteristics that are essential to conquering the world of trading.
g) They are all comfortable with taking risks.
h)People with very low-risk tolerance, who cannot accept losing trades, are not cut out to be winning traders, since losing trades are simply part of the game of trading.
i) Winning traders are able to emotionally accept the uncertainty that is inherent in trading.
g) They are capable of quickly adjusting to changing market conditions.
h)They don’t fall in love with, and “marry”, their analysis of a market. If price action indicates that they need to change their view on probable future price movements, they do so without hesitating.
i)They are disciplined in their trading and can view the market objectively, regardless of how current market action is affecting their account balance.
J) They don’t give in to being excessively excited about winning trades or excessively despairing about losing trades.
a) Pole and flag set up
b) HSP Set up
c) Monthly breakout
d) Weekly breakout
e) SL Compulsory
Trading mindset requirements
a) It’s NOT that winning traders formulate better trading strategies.
b)It’s NOT that winning traders are smarter.
c) It’s NOT that winning traders do better market analysis.
d)The few traders who do consistently win the game of trading are those who have developed the appropriate psychological mindset that enables them to be consistent winners.
e)There are certain beliefs, attitudes, and psychological characteristics that are essential to conquering the world of trading.
g) They are all comfortable with taking risks.
h)People with very low-risk tolerance, who cannot accept losing trades, are not cut out to be winning traders, since losing trades are simply part of the game of trading.
i) Winning traders are able to emotionally accept the uncertainty that is inherent in trading.
g) They are capable of quickly adjusting to changing market conditions.
h)They don’t fall in love with, and “marry”, their analysis of a market. If price action indicates that they need to change their view on probable future price movements, they do so without hesitating.
i)They are disciplined in their trading and can view the market objectively, regardless of how current market action is affecting their account balance.
J) They don’t give in to being excessively excited about winning trades or excessively despairing about losing trades.
Trade closed: target reached
T1
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