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    Fear Bassed Errors

    Uploaded by

    willem
    The document discusses the importance of trading with discipline and following a consistent trading plan and strategy. Some key points made include: - Trading with the major trend and following a trading plan will lead to consistent success. - It is important to predefine risks before entering a trade and understand probabilities of different outcomes. - The focus should be on capturing all setups that fit one's trading plan, not on whether individual trades are wins or losses. - One needs discipline to stick to their trading plan and not take trades every week. - Accept that the market does not create emotions, it only moves up and down, and each trade has uncertain outcomes.

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    © All Rights Reserved
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    Fear Bassed Errors

    Uploaded by

    willem
    49 views3 pages
    The document discusses the importance of trading with discipline and following a consistent trading plan and strategy. Some key points made include: - Trading with the major trend and following a trading plan will lead to consistent success. - It is important to predefine risks before entering a trade and understand probabilities of different outcomes. - The focus should be on capturing all setups that fit one's trading plan, not on whether individual trades are wins or losses. - One needs discipline to stick to their trading plan and not take trades every week. - Accept that the market does not create emotions, it only moves up and down, and each trade has uncertain outcomes.

    Original Description:

    forex fear based errors

    Original Title

    Fear Bassed Errors (10)

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    The document discusses the importance of trading with discipline and following a consistent trading plan and strategy. Some key points made include: - Trading with the major trend and following a trading plan will lead to consistent success. - It is important to predefine risks before entering a trade and understand probabilities of different outcomes. - The focus should be on capturing all setups that fit one's trading plan, not on whether individual trades are wins or losses. - One needs discipline to stick to their trading plan and not take trades every week. - Accept that the market does not create emotions, it only moves up and down, and each trade has uncertain outcomes.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    49 views3 pages

    Fear Bassed Errors

    Uploaded by

    willem
    The document discusses the importance of trading with discipline and following a consistent trading plan and strategy. Some key points made include: - Trading with the major trend and following a trading plan will lead to consistent success. - It is important to predefine risks before entering a trade and understand probabilities of different outcomes. - The focus should be on capturing all setups that fit one's trading plan, not on whether individual trades are wins or losses. - One needs discipline to stick to their trading plan and not take trades every week. - Accept that the market does not create emotions, it only moves up and down, and each trade has uncertain outcomes.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Vergeet niet waarom je het doet

    I am a consistently successful trader


    Because i trade with the Major trend and i am Disciplined

    1. Anything can happen why Because there are always unknown forces

    2. You dont need to know what is going to happen next to make money

    3. Because there is a random distribution between wins and losses for any given set of
    variables that define an edge

    4. An edge is nothing more than an indication of an higher probability of one thing


    happening over another 50% (geen zekerheid)

    5. Every (now) moment in the market is unique (true)

    Trend is your friend it means you have a higher probability of suscces when you are
    in a trade in the direction of the major trend

    Predefine your risk before you put on a trade and go through al Probabilities of what can
    happen, so you won't be emotional of what can happen up down

    Belangrijkste is dat je alle setups pakt die in je plan passen het gaat niet om goed
    slecht win of verlies je doet dit om Mentaal steker te worden zodat je geen
    Emotionele foute beslissingen meer gaat nemen dus pak alle setup die in je plan
    passen maakt niet uit of je wint of verliest

    Discipline je hoeft niet elke week een trade te pakken je moet gefocust zijn
    En aan je plan houden. Jij weet niet wat er gaat gebeuren

     Accept that the market does not creates emotions it only creates up en down tics (true)
    how does the market create emotions?

     Each trade is a unique event with an uncertain outcome


    Each Now moment is Unique different than the one in your mind

    The irony is you wil be afraid of random inconsistent result without realizing that your
    random inconsistent aproach is creating exactly what you are afraid of True be rigid in
    your rules and flexible in your expactations

    Discipline trade met Momentum/Trend SL-max 30 pip


    My Edge plan

    1. Momentum- major trend 13.00 14.00 16.00


    2. Daily close , conformation H4 H1
    3. wendsday reversal? Daily weekly conformation
    4. Sl support ressistance max 30 sl Buy Sell alerts
    5. Think in probabilities up or down
    Als je lang genoeg alle setups pakt die in je plan passen win je mentaal
    Je moet ervoor zorgen dat je niet emotioneel handelt

    Maar er kunnen natuurlijk ook losses bij zitten zelfdiscipline

    Le t g o of the need to know what is going to happen next or the need to


    be right on each trade. In fact, the degree by which you think you know,
    assume you know, or in any way need to know what is going to happen
    next, is equal to the degree to which you will fail as a trader
    The irony is you wil be afraid of random inconsistent result without
    realizing that your random inconsistent aproach is creating exactly what
    you are afraid of True be rigid in your rules and flexible in your
    expactations

    Forex has been around for decades. True


    I’ve missed trades before I started forex. True
    I’ve missed trades while I was asleep. True
    BUT THERE IS ALWAYS MORE TRADES TOMORROW!!
    LET IT GO AND MOVE ON! 👍🏼

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