In Section 4 of this dynamic series, traders are given the tools to determine what "consistency" means to them - as traders. Since everyone entering the game of trading is coming from another career of some sort - consistency, or being consistent, may have a different meaning when used outside of trading - and therefore has to be re-defined when you begin trading. Understanding what consistency, or being consistent, means to you, now, as a trader - is key to your mental development in creating, and maintaining a steady and upward-moving level of equity.
1. What is your definition of consistency or of being consistent as a trader
3. How not knowing what your definition of consistency means to you will bring you consistency - at losing
4. How to determine your profit margin
5. Understanding the relationship between what you are willing to pay yourself when in winning trades - and creating consistency
All sections of this series have been culled from decades of personal coaching with traders of all levels, as well as professional fund managers at banking institutions and brokerage firms. These skills have been taught by Mark Douglas, and Paula T. Webb, to countless traders over the years in over 15 countries, and are 'tried-and-true" exercises.
Take your trading to new level of consistency!
Language
English
Pages
17
Format
Kindle Edition
Publisher
Global Publishing House
Release
March 15, 2016
The Little Book of Trading Performance: Section 4 - What Does It Mean to be Consistent?
In Section 4 of this dynamic series, traders are given the tools to determine what "consistency" means to them - as traders. Since everyone entering the game of trading is coming from another career of some sort - consistency, or being consistent, may have a different meaning when used outside of trading - and therefore has to be re-defined when you begin trading. Understanding what consistency, or being consistent, means to you, now, as a trader - is key to your mental development in creating, and maintaining a steady and upward-moving level of equity.
1. What is your definition of consistency or of being consistent as a trader
3. How not knowing what your definition of consistency means to you will bring you consistency - at losing
4. How to determine your profit margin
5. Understanding the relationship between what you are willing to pay yourself when in winning trades - and creating consistency
All sections of this series have been culled from decades of personal coaching with traders of all levels, as well as professional fund managers at banking institutions and brokerage firms. These skills have been taught by Mark Douglas, and Paula T. Webb, to countless traders over the years in over 15 countries, and are 'tried-and-true" exercises.