Don't focus on goals like: I want to make $20k a month.
It will NOT improve your results.
Instead, focus on the process like:
I will follow my plan consistently regardless of the outcome.
I will stay out of the market when I don't have a setup.
Impatience leads to the most common mistakes.
Early entries, trades closed too early, rules broken, ...
Patience is the most important trading skill.
Trying to 10x a 10,000 account in 1 month is bad.
Think in %.
Aim for +2%, then +4%, then +6% and so on.
If you can't manage a 10,000 account, you can't manage 1,000,000 account.
Trading is all about management - yourself, your money, your attitude & your position. It is NOT about predictions, forecasts or OPINIONS.
Exiting your trades based on emotions will usually be at the worst possible price (when you can't take the pain any longer).
Instead, pre-determined your exit when your head is clear—and stick to it.
You'll do much better in the long run.
#WAF
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