Is everyday a ground hog day?

Since starting to write this blog I have received a steady stream of emails and comments from traders searching for CP. Many have said how they achieved CP using some of the information from this blog.

I congratulate you! How terrific.

Others are still on their way, or not.

Sometimes it's easier to teach newer traders to trade than ones with a history of not being profitable. These traders, and I was one (as are most self taught),  have picked up habits that become part of their daily methodology. Some of these habits are preventing them from achieving CP. This bad habits have to be resolved before as they are a barrier to CP. If this is you read on.

Einstein said that the definition of insanity was doing the same thing over and over and expecting a different result.

One of the exercises a trader can go through is to try and list the causes of his losing trades and the causes of his winning trades. Just two lists. A few words on each point. A winning trade can be the result of good luck or good management. Describe it. A trading journal can be golden when you use it as a source to make this list.

Once you have these two lists, you have something to work with.

The next step is to write a trading plan paying particular attention to the issues you found on your two lists, putting a trading structure into place within which you can exercise your discretionary rules.

Morning in Europe was OK but after our lunch, not much was happening.

A few nice Euro trades.