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Hi, just my two cents (I use Al's method too): before you take any trade, there are 3 things to consider: 1. Decide whether it's a trading range or a trend; 2. Decide always-in direction; 3. Looking for set up(signal bar). At least I got better result with these steps. 祝你好运!
I totally understand your idea, and I cannot agree more. Believe or not I had this kind of plan, but during my practice I somehow I lost them, and always come back to a random impulsive way of trading.
You really touched my sore point. You are 100% right, I need to stay with my plan and make it my pattern of trading...
See what I've done before, I just want to prove that I'm really shame on myself that I realized the problem, made a plan but cannot go out of my comfort zone to change my bad habit. Thank you for pointing it out directly so that I cannot cheat myself any more.....
@tshunhu,it's a very detailed checklist, but maybe better if you simplify it? Like, only list, say, 5-10 set-ups you will be watching? And also, enough rest is crucial to day trading! It may be hard in your time zone though...
About time zone, yes, that's why I'm doing Sim in chinese market. I'll put real money in Chinese market, when I feel on track and switch US account into longer term trading, like to day or weeks, I'm not sure about any detail yet.