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Thread: *Daily Trading Activities - Daily Trading Habits

*Daily Trading Activities - Daily Trading Habits
  1. Riya Shen's Avatar

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    As an intraday trader I like to start my trading through New York session. Actually in this session I get so many good opportunities for entering. Besides, I can trade in any trading instrument without any additional charge into live trading account of ************. On the other hand, this ECN broker allows any kind of trading style even hedging.
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    I started my daily trading, with great optimism. Mentally ready and I prepared a good analysis always. So that I could face in trading with the calm and not rush. However, I still continue to strive to be better in terms of trading psycho. Because sometimes still a little carried away though.
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    The big ones take the psychology out of the game. They have a game plan, and they stick to it.
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    Its a very good sign of improvement when we can trade daily here in this Forex field because that can make our experience and skill sharper and we can improve a lot slowly
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    Trade like you don’t need the money. It takes so much pressure off you.
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    When we talk about trading habits of traders, it reminds me of the words of Stephen Covey who said “A habit is the intersection of knowledge, skill, and desire. Knowledge is the theoretical paradigm, the what to do and the why. Skill is the how to do. And the desire is the motivation, the want to do. In order to make something a habit in our lives, we have to have all three.”
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    By having confidence and trusting yourself to act appropriately under any given set of circumstances, you can neutralize this fear. Remember, what you actually fear is not the trade, but your inability to act in the appropriate manner when you need to.
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    Even if you are a long term trader, you should learn to behave like a smart trader when you trade. This means that you should never give away potential profits.
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    Successful traders have a larger edge and better money management than unsuccessful traders. Traders’ failures can be explained almost exclusively by their poor money management practices.
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    work on market session huh. going on Asia, Europe or US time. well, each of us has different method of trade. some people choose to be an intraday trader, and some willing to use long approach. which rely on trend to point out trade positions.

    tried to write journal to avoid many mistakes occur. if look for sustainability, we should has journal.

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