So I have spent the day studying and reviewing some old and new material and it kept coming back to four VERY important things 重要 [zhong yao]（is very important)
1st - You need to always remember these rules
1. Am I prepared
2. Have I done my research?
3. How much will it hurt if I lose it all?
4. Am I forcing this trade?
5. Is there a pattern here?
6. What would my mentor do?
7. What can I learn from this?
2nd - Use the trading checklist
P - Pattern + Price
R - Risk Reward ratio
E - Ease of entry + exit
P - Past performance / History of spiking big
A - At what time of day is it? Whats your schedule?
R - Reason / Catalyst
E - Market Environment
3rd - and it seems this is more important than people realize
- the more you track the more you will learn
- the more you learn the more patterns you will discover
- the more you find these patterns the more you will be able to work with them and not against them
4th - Don't even touch the big companies
you want things that are going to grow your account exponentially not things that will move your account 10% every year
so it seems like today wasn't a total waste as I thought it was before. I have spent some time reviewing old material and developed a serious trading plan....... wow , I actually thought that was the hardest part of this.
Studying the past few years I have noticed that I needed a trading plan more than anything, and was never able to get anything into concrete
Now the future looks bright, I feel like I am ready for trading going forward if I can keep my mind and eyes focused on the goal at hand. #traderchecklist #7thingstoaskyourselfbeforeeverytrade