Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TheNegotiator

2012 New Year's Resolutions

Recommended Posts

Firstly, Happy New Year!! I hope everyone had a wonderful and refreshing break. If not, think carefully before jumping back into the market!

 

So what will be your resolutions for 2012? How do you expect to remain strong throughout the year and do you have any special tactics for doing so? Have you had any experience either in doing or not doing any of the things anyone else has listed as a resolution?

 

Imho, if we can pull together at TL and support each other, we can stick to our new ideals and be all the stronger for it!

Share this post


Link to post
Share on other sites

I RESOLVE TO DO MORE RESEARCH

 

My resolution is to do more research into trading observations. Last year, I didn't necessarily manage my time in such a way that allowed me to do this well. I have a long list piled up which needs to be looked at and I need to set a period to do it at the very least, once per week. I may start off by doing this either for two 1 hour periods a week or one 2 hour period and see how I get through it.

Share this post


Link to post
Share on other sites
more of a set routine to have more focus "when" required

 

(this helps with toilet issues as well)

 

Lol. The routine idea is an interesting point though. I definitely find it difficult at times to stick to a routine as different things are always coming up which need attention. I am certainly better at it these days though. I think one idea that helps is setting aside time for doing non- daily stuff. That way, even if you have to mix the order up you still can get everything done.

Share this post


Link to post
Share on other sites
Firstly, Happy New Year!! I hope everyone had a wonderful and refreshing break. If not, think carefully before jumping back into the market!

 

So what will be your resolutions for 2012? How do you expect to remain strong throughout the year and do you have any special tactics for doing so? Have you had any experience either in doing or not doing any of the things anyone else has listed as a resolution?

 

Imho, if we can pull together at TL and support each other, we can stick to our new ideals and be all the stronger for it!

 

i am new member with simple question that i dont understand. when useing gann box on my charts(example 60 min)because i am dealing with time, if i stretch my gann box out several days how could it be accurate because of hours market is not open.

Share this post


Link to post
Share on other sites

Most need help in Keeping-One and not Making-one

Just like Trading Most of who just Try, easily Fail

 

Only 3% stick by their New Year Resolution and achieve something out of it

The rest just unwittingly Bargain the first Self-Deception for the New-Year, either knowingly or un-knowingly

 

Politics of Promise of doing something Better tomorrow is easily done by our foolish Brain than a Mindfull-Now. Here 'The Least part of Resistance' is taken by The Brain.

 

Compartively Speaking:

I think The Psychology of Commitment and Discipline involved would be as mentally challenging for a Learner to go through the 'L-Earning Process' of Trading

And for an 'Earner' to abide by his Trading-Plan.

 

Enjoy Minoo

Share this post


Link to post
Share on other sites
Don't fade a trend....

 

When you fade trends is it something you're doing consciously or is it more automatic? Is there something you feel you need to do to prevent yourself from doing it?

 

Will have atleast 3 robots trade live before this year ends...

 

Nice plan. How about have 1 running by end of each quarter with some wiggle room at the end of the year?

Edited by TheNegotiator

Share this post


Link to post
Share on other sites
Most need help in Keeping-One and not Making-one

Just like Trading Most of who just Try, easily Fail

 

Only 3% stick by their New Year Resolution and achieve something out of it

The rest just unwittingly Bargain the first Self-Deception for the New-Year, either knowingly or un-knowingly

 

Politics of Promise of doing something Better tomorrow is easily done by our foolish Brain than a Mindfull-Now. Here 'The Least part of Resistance' is taken by The Brain.

 

Compartively Speaking:

I think The Psychology of Commitment and Discipline involved would be as mentally challenging for a Learner to go through the 'L-Earning Process' of Trading

And for an 'Earner' to abide by his Trading-Plan.

 

Enjoy Minoo

 

If you don't do things you know you should, you're less likely to succeed. Thinking about ways to improve your trading and creating a plan of action is something someone who wants to be successful should be doing anyway. Saying it's new year's resolution is just convenient from a timing point of view. So do and succeed.

Share this post


Link to post
Share on other sites
If you don't do things you know you should, you're less likely to succeed. Thinking about ways to improve your trading and creating a plan of action is something someone who wants to be successful should be doing anyway. Saying it's new year's resolution is just convenient from a timing point of view. So do and succeed.

 

I agree.

 

I personally need to get a grip on many of the psychological aspects of trading that are holding me back and often create mayhem.

 

If I were to draw a driving analogy I'd be the new driver who thinks he's observing the road but in actual fact he isn't. This new trading landscape that I have entered into requires the acquisition of skill and competence that will take time to accumulate, 2012 is another year in which that search continues.

 

Btw, I quit smoking on a new years resolution 4 years ago so it can sometimes provide 'the moment'.

 

All the best for the new year.

Share this post


Link to post
Share on other sites

Good plan RD. I hope you have a plan on how to improve, but the first step is recognition. Psychological aspects in particular take time and effort to learn and master. I think actually this is a great point about the reason why often other resolutions fail. Half-arsed efforts without any real plan or knowledge of what is involved and expectations of immediate success.

Share this post


Link to post
Share on other sites

Happy 2012 all!

 

Let me first revue last year's resolution. I was to follow a trading system, trading with the news. I did it (must of the year):) and found it a valuable way of trading, but a bit too frequent and stressful.

For this year, all I need is PATIENCE.

I have come to the conclusion that at this moment of my learning curve, all I need is being patient enough to:

- wait for my signals to confirm price action before entering a trade. That would keep me out of some bad trades,

- wait for my winners to grow at their pace.

 

The other commitment from many years now concerns logging ALL trades and revue them on a regular basis.

 

All yours tips welcome!

 

Toilet seats aside, someone must have something they want to do differently/improve pertaining to trading?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.