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I know a lot of traders who do not think this way and their results are all over the place. I get it, consistency and trading don't go together. But having a target gives your mind a goal (an
objective).
Just sitting down and saying I'm going to trade well today is not a goal. It gives your mind no objective.
How many people do you know that get into a car without any destination? Everybody gets into the car with an objective... otherwise, why get in the car? You are not Grandma and Grandpa going on a Sunday afternoon drive to go see all the beautiful fall-colored leaves.
You're a daytrader, have a plan and stick to
it. Set a goal or what we call (A NUT) = a daily target.
You mind acts like a torpedo, if you give it a goal (a target) it will act like a torpedo and search for the target.
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Here is a homework assignment for you and the next weeks. Set a daily target and right down how many times you hit your
target.
Now if you are not a consistently profitable trader, this is not going to work and you have to develop a set of system rules and test them before you can trade, otherwise, you will not have any confidence or trust in your trades. All of this takes work and you have to test before you can trade or you will just be like someone throwing money out the window.
The July 4th Holiday Sale - 20% off EVERYTHINGÂ
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Sincere wishes for a good life
and (always!)... higher profit$,
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Matt Bowen
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