This is where the real journey begins!
"Winning or losing is not important when learning to trade, the difference between being a successful and profitable trader is developing the habits of a successful trader. Once you do this trading will become easy and you will be able to trade any strategy profitably."
The Habits You Must Develop to be Profitable (we will develop these over the trading plan)
Discipline = to Follow a Rule set consistently without breaking the rules
Automation = Trade with no emotion/Trade like a robot
Mindset = No gambling, revenge trading, over leveraging
Journaling = Keeping a record of every trade and its outcome
Backtesting = Determine the effectiveness of your strategy or any additions/improvement you introduce
Score = Keeping a record of your performance
Review = Review your trade and performance, look for areas of improvement, Implement new rules to increase win rate and/or profitability
"It’s critical you set goals and record your achievements of these goals. We are looking to create a success momentum cycle and without goals you have no target, without a target you cannot hit your goals. You are like a ship without a rudder, an archer without a target or a football player without a goal!"
"A big goal to work towards over the coming months/year(s)"
You can change and update the chief aim and goals as you feel, but your chief aim has to be believable for you right now.
Write this down and pin it to where you trade.
Break the chief aim down into bitesize goals, record and celebrate achievement of these goals.
Write these goals down and pin it to where you trade, Mark them off as you achieve them. IMPORTANT
Complete Phase 1 Master The Basics
Complete Phase 2 Review & Refine
£50+ Profit In One Month (demo)
£100+ Profit In One Month (demo)
£150+ Profit In One Month (demo)
3 months profitable (demo)
Phase 3 - Open Live Account For Manual Trading (Start small)
£50+ Profit In One Month (Live)
£100+ Profit In One Month (Live)
£150+ Profit In One Month (Live)
£200+ Profit In One Month (Live)
Start a prop firm trading evaluation/challenge
Pass the prop firm evaluation Phase 1
Pass the prop firm evaluation Phase 2
Become Fully Funded
Get 1st funded payout
£300+ Profit In One Month (Live)
£400+ Profit In One Month (Live)
£500+ Profit In One Month (Live)
£600+ Profit In One Month (Live)
£800+ Profit In One Month (Live)
£900+ Profit In One Month (Live)
£1000+ Profit In One Month (Live)
Set new Chief aim and goals
Become full time independent trader
(You can use this form if you prefer but actually writing your goals has some very interesting benefits energetically)