Hey Guys,

Writing the following helps me, and I sure hope it helps you. I know I still have a lot to prove to myself (and the world!).

After 4 months of losing more than winning, I think it's starting to click.

I was listening to an interview with Anand on Chat with Traders and I found something helpful.

We all want to make money. Lots of it! But I am starting to BELIEVE, now....after 4 months...that the more we want to make money, the more we make bad decisions on our trades. Anand mentions that. I appreciate him mentioning that we got bills to pay, we wanna make money, we're trading with real money and not fantasy money....but as we make trades because "I need $1,000 now.....now.....now....here....there...." we start to trade "randomly" and make bad decisions. It doesn't help me as much to think of myself as a retired trader, because...I'm not. And I don't have $1M in my bank. It's hard to pretend. Also, the word "retired" doesn't really resonate with me anyway because I see it as a period of life that's waning....not starting....

It's taken me 4 months to realize, and to get it through my head, "Oh, many of these plays I'm making aren't really sustainable for the future. They're just blips. A lot of them don't or can't follow any true, discernable patterns."

So I think these steps are helpful.

1. Yes, we all wanna make money. But FOCUS on making GOOD TRADES. That's actually how we make money! Follow repeatable, predictable patterns and trade off those. Know what you like and what has made you money before, look for those trades and set-ups, then play them when you recognize them.

2. Stay DISCIPLINED on what has worked and stay AWAY from what made you lose money in the past. Because if you make the same mistake, you will lose money again and again and again.

That's all folks!

~remster