Disciple in trading involves being discipline in life...boring...but the truth

"This is going to sound counter intuitive but has worked for me since i began trading profitably.

You said : Let's say I have learned all the stuff I had to, I know all the basics, I am good in fundamental / sentimental / technical analysis

This isn't everything. You need that but you forgot the most important thing. And thats having the discipline, patience, and emotional control to be able to apply everything that you know. That is more important than fundamental and technical analysis.

I have an edge in the market and i repeat the process every day. I wake up at the same time, eat at the same time, go to the gym at the same time, and trade at the same time. Even my sleep, my diet, my workout training, is all part of my trading method. Even my free time during the day and weekend so i can have balanced life, is all part of my method. When i leave to go to the beach or the country side on the weekend, is all part of my trading method.

When you get to that level, you become profitable in a mega way. Trading to become mega pro isn't a job, its a lifestyle choice.

If all i had is my method, and technical and fundamental skills, without the rest. I would lose my accounts.

The reason i say all this is because i know it may seem like some god like thing to become successful in this industry, but it can be done, once you do the yards.

I always use the analogy of a pro Olympic runner. To become a pro olyimpic runner might seem like a god like thing, but there are people who do it. You need to be so serious about becoming a pro trader, that it's the equivalent to becoming a pro Olympic runner. Then you will make it.

You said it yourself, "the market has it's own rules". All you need to do is find a way to exploit those rules.

If anyone reading this thinks you can't make money. You won't. Knowing that you will do what ever it takes to learn how to make money in this industry is almost half the battle.

Yoda (star wars) says: You must unlearn what you have learned. A normal 9-5 job mentality and thinking like the 90% who lose is going to be the surest pathway to losing. You must unlearn what you have learned. Trading is almost complete and utter boredom. The doing is in the not doing. It's in the thinking. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade."

Read more: http://forums.babypips.com/newbie-island/43737-do-you-have-edge.html#ixzz1ppG14P00

Long EUR/USD March 21, 2012

Long EUR/USD
Units: 160,000
Price: 1.31958
Stop Loss: 1.31633
Take Profit: 1.32265
Result: $721

Trade EUR/USD & GBP/USD March 20, 2012

Trade 1: Sell EUR/USD, result $433, 13 pips
Trade 2: Sell GBP/USD, Result $1149, 38 pips

Successful Trading requires patience!

Patience is a really important factor in successful trading. This is where a lot of newbie traders fall victum of crashing their accounts. Once in a while we have the urge to do something out of the box. In trading we must always stay discipline and follow our plan 100%. This plan allows you to draw and setup your trading to precision like a sniper. We wait for our target and we take advantage with super precision. Patience is virtue. If you don't have patience to wait for your setup you might as well quit trading. Its quite that simple.

EU to Increase Firewall as Italian Derivative Bet Unravels

EU to Increase Firewall as Italian Derivative Bet Unravels

Trading results Mar.11.12 to Mar.16.12

Trade 1 $0
Trade 2 -480
Trade 3 +318
Trade 4 +$840
Trade 5 +$1250

Total profit: $1928
Total trades: 2
Winners total: $2408
Losers total: $480
Winning percentage: 60%
Risk to reward ratio: 1:5

Long NZD/USD March 14, 2012

Long NZD/USD
Entry: 0.81093
Stop loss: 0.8091
Take profit: 0.8147
Result: $318.94 (+900 was possible)

Counter trend trade. Looking for small profit here. Decided to take quick profit since markets are in a downward trend. Looking back I should of left this pair since I was already broke even and could of caught my 1:2 risk to reward afterwards. My bad on this trade was my emotions, just getting out at market order and thinking the market will move in my direction. Remember to execute your plan perfectly.