DollarsMagicFX Trader Journal

I will Focus on pair GBP/JPY

MY DAILY GOALS
1) Try to get at least 100pips and Get USD50 daily
2) Take risk 5% each trade
3) Never change Stop Loss that I already setup
4) Break even or lock at +1 when in 20pips profit
5) Always put Trailing Stop after in profit condition

MY VISION
1) Discipline with my rules
2) Positive thinking
3) Positive mindset and attitude
4) Act with my own best interest
5) Responsibility the result taken
6) Learn to accept the risk
7) Mental flexibility (flow with the market and cut my losses)
8) Make myself available to take advantage of opportunity
9) Action on my belief
10) Remove negative charge mental (fear, pain, anger, frustration)
11) Don't afraid and hesitation


MY GUIDELINE IN FOREX
1) I objectively identify my edges
2) I predefine the risk of every trade
3) I completely accept risk or I am willing to let go of the trade
4) I act on my edges without 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 absolute necessity of these principles of consistent success and therefore I never violate them


MY PROBABILISTIC MINDSET
1) Anything can happen
2) There is random distribution between wins and losses for any given set of variables that define an edge
3) An edge is nothing more than an indication of a higher probability of one thing happening over another
4) Every moment in the market is unique