Trading Hurtles

One of the biggest hurtles a trader might go through is sticking with a methodology. He/she will try one thing for a trade and then another and another. This often leads to uncertainty and frustration. I think a methodology needs to undergo for some time to prove its strengths and weaknesses. During this testing phase it might not be a bad idea to use a demo account or at least trade with small lot sizes. I think you must believe in what you’re doing and stick with it until the resualts prove you right or wrong. Often it is not the methodology but market conditions that are unfavorable for trading. Remember cash is a position and being in cash is not a bad thing. Remember, you don’t need to trade everyday…

So if you're using a methodology and have not got the results you're looking for, first thing I suggest is to look at the current conditions of the market you are trading. Is it choppy, trending, or moving sideways? Get a small notebook and create a basic journal for you to track your progress. Conduct an after action review of your trades and log it.. Folks, logging your trades might be the best thing you can do…