Everyday make sure you prepare your mind mentally! Review below concept please!
Do's
- Remember the climber example - how much preparation a person goes through before the activity!
- Remember the game about the color box vs. display of color words! Your mind reacts to words faster than the actual colors!
- What are the things you are grateful?
- You have all the wealth so these trade is not about wealth but finding yourself!
- At extreme points of the bb line, you can risk 50 for a trend trade!
- At extreme points of the bb line, you can risk 120pts for oscilating trade!
- 1min and 5min chart can give you a false sense of the bigger picture, so know your facts (e.g. model predictions)
- Each month you can put aside £50 into the account!
- Clear you mind with a blank sheet. Live in the present as news release is done, the important thing is your reaction.
- Thinking differently from the rest of the 90% of the people.
- Review your trade log and aware where you can improve.
- Ask questions about the different scnearios
- When volatility is neutral it means it is perparing for a movement.
- When volatility is pointing opposite to model predicitons, you have to be cautious of taking position suggested by model.
- Your lost or win in the past has nothing to do with the current trade. Live in the present. Know your strategy!
- Peak trend is reached when volatility is above 70 - 80. WAIT for a decrease or put a 100pts above your peak as entry! This is the hardest thing
- When the trend is at peak and you want to continue the trend, you need to pick at least 300 - 400 pts away from the peak!
- When in profit, you should find ways to load up
- You trade to participate in the market and it is not about winning or losing but finding yourself!
- This should not happen if you have a strategy...When in lost, you should exit quickly given your report suggestion!
- Don't think buying at discount or selling at high values!
- Avoid thoughts of recovery, lost, and bias comments! Think that this is not money you need. You are investing into your future!
- You do not want to spend time staring at charts and hoping it goes your way!
- There is no need to review your P&L till end of the month!
- It's common for people to take profits early, fearing the market will take them back — but this can also reflect a broader truth in life: if you don't seize opportunities when they arise, you risk losing them. The key is finding the right balance between caution and confidence because you need to a clear mind of your process and not let the market volatility scare you away from greater opportunities.
Questions
- What happens on a monday when good news support movement on a Friday?
- What happens when trend lead the news? (this probably happens 70% of the time!)
- 29/May/2025 - trend up waiting employment news with mindset that tariff war creates negative impact along with bad NFP biasing thinking!
- When is it more volatile day after news?
- Does Wednesday the 3X charge have an bias influence on buy?
- Does negative indicator in Non-Farm emlpoyment suggest outcome of other employment? 1 case observed for NO.
- Is it biase towards one currency? Yes, it is still towards USD maybe 60% because of the higher interest but JPY is performing better so more ocillation!
Trader's Notes
- Never place a large bet overnight, as you tend to get it wrong and lose big, including what you’ve earned—even if it means losing your gains from the day.
- The 4-hour chart shows the extreme points.
- If there is a trend, buy or sell at dips!
- Major mistake is to buy and sell at peaks when you are caught in the moment of loss.
- Ensure that the MACD for both the 1-minute and 5-minute charts is aligned in the same direction.
- Use your risk-averse technique of 0.11, where you take a 0.1 profit when reaching 30% to 50% of 1 pip.
- Some time you may need to treat this one time trade costing £2.50.
- When there is news coming up the first two days will fluctuate so don't place big bets and overnight bets.