LTG GoldRock - The Ultimate Solution for Forex Traders

The ultimate solution for Forex Traders

 

Tag: ‘trading risk’

July 25th, 2010
Forex Classroom

7 Principles of Consistency

  1. I objectively identify my edges
  2. I predefine the risk of every trade
  3. I completely accept the risk or I am willing to let go of the trade
  4. I act on my edges without reservation or hesitation
  5. I pay myself as the market makes money available to me
  6. I continually monitor my susceptibility for making errors
  7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them