7 Tips to Maximize Trading Performance
We all know how important it is to find our edge in the markets. Finding an edge could take months even years but once we have acquired such an edge, it is not the end and expecting windfall profits could only be a dream which is as good as wishful thinking. The next step is to work on yourself and develop the right mindset. Here are some tips that can help you Maximise Trading Performance:
1. Focus on implementing your trading plan perfectly for every trade
2. Focus on long term gains For ex. Weekly or Monthly gains as opposed to results of individual trades
3. Track and analyse performance to closest minute detail
4. Evaluate your actions and make changes on regular basis
5. Keep a positive frame of mind
6. Avoid any conversations or thoughts that instil doubts about your ability as a trader
7. Be a teacher, help others maximise their performance, which in turn will maximise your own
To find a systematic method that can help you avoid emotions and discretionary judgement is just the first step. I can’t emphasise enough how important is to then develop the right mindset. Hopefully the tips above help. What do you do to Maximise Trading Performance?
Excellent piece of guidance. May God bless you,
sat
All this is true.
oh man, i am so thankfull to you)). for the book u have recomended to me earlier and for your blog. i got tons of usefull stuff here. i dont really follow your twitts coz i trade almost same way, but i feel more safe when i have pending orders, and then comes your twitt with almost same targets and entry points. and that oco script so cool going to try it out tomorew. also i found ea, wchich is based on price action analysis, i will optimize it this week and then put on demoo for whole march, i let you know if its useless or not. and once again thax man
I would be interested in testing this EA as well, if you would be willing to share it with me. I have written a decent number of EAs (including the one I just gave to FirePips) and would like to also try my hand at optimizing one that enters trades based on price action. And correspond with you about it as well, if you wanted. Please email FirePips if you want to, and he can give us each other's emails if he doesn't mind.
hi dietpipsi its richard again is there any news on the e.a about the alpari uk account?
i am also interested in your price action ea will be glad if u can share it with me.
Art, can you clarify how you/firepips trade? What is your system? I can't see any info on this site which explains the strategy. thanks.
Hi Sam & Art…I rather not have this discussion at this stage.
Am struggling to understand why you are not willing to share your system? Isn't point 7, above, to "Be a Teacher…"?
Haha….good one
it wasn't a joke???
Please read http://forex.firepips.com/forex-signals/ to get more insight into it.
Please read http://forex.firepips.com/forex-signals/ to get more insight into it.
ok, I've read your FAQ and understand where you're coming from now:
"Can you share your exact methodology behind these Forex Signals?
In short, No."
I think you should still keep your system a secret, I have seen many systems become obselete immediately they are made public, I cant really say why this happens, but I think the system is your baby and you have the right to keep it or share it, I am satisfied with the signals, at least paying close attention one can be able to figure out the system with time
I am so glad to hear that mate
well i have no idea what exactly firepip method is, but i do not use indicators to make trade designs, also i use pending orders both directions once 1 gets filled i cancel other. and i usually set them before each session starts, and after lunch break i check whats going on. so its basicly every 4 hours. but i find it out by myself and i have read alot of different stuff, and watched hundreds of videos.
You are so right. I seem to know theoretically everything and have been dealing with trading for last 2 years. I have read and tried to practice everything I can lay my hands on. The only thing I am struggling with is my mindset and my ownself.
Hello
i just want to say thank you for every thing.
Greet you,
yes it is a good one .
and perfect for every trader .
Nice artical, special consideration to point 4, 5 & 6.
What system do you use for your trades? Did you publish/discussed it anywhere? Thank you
alex, read my reply from earlier…
"ok, I've read your FAQ and understand where you're coming from now:
"Can you share your exact methodology behind these Forex Signals?
In short, No." "
sam, already firepips said it may countract his long term goal,then why to ask him to disclose the methedology again and again,lets see in future and may god turn him to disclose hahaa
outstanding results.. Thank you for sharing.
Great results. Why does every one want to know the why's & wherefores. Just be grateful for what you receive from Fire Pips.
Jagtrade…are you serious? I would question why YOU don't want to know the why's and wherefores??? I personally have not taken 1 trade published by firepips and will not UNTIL I know the whys and wherefores. Anything less is trading niavety, imo.
Thanks for sharing your thoughts Jagtrade
Sam (the real Sam), you are right, though it is a personal choice. Many people here combine signals with their own method and use it as a confirmation.
I AGREE!!
I am new to this site and grateful to read all your comments as well…
I am a teacher, and understand both the ideas of teaching a man to fish instead of giving him one and the secrecy not shared to create a fund in the future… interesting dilemma!
will stay tuned to see where it goes…
Thanks again!
I am glad you see where I come from. Giving away all details could counteract my long term goal.
I appreciate v.much your valuable service & quite agree with not giving all the details.So far it has helped many, I believe to be winners by following your path.
thanks again
A pretty useful guide, not only for newbies, but also as a reminder for experienced forex traders like me.
I would suggest that everyone read up on The Law of Attraction. Just a suggestion.
Interesting suggestion there Dave. I've seen and read "The Secret", and have mixed feeling about it. I do like the way it suggest to keep your mind in positive state. There is fine line between being optimistic and wishful thinking
I thought that philosophy in all trading is buy cheap and sell dear. All tips here are style "$EURUSD Sell 1.3595 or Buy 1.3690 "? I dont get it. Explain please.
Try reading here http://forex.firepips.com/forex-signals/
love your signals. got in for buys on GBPJPY and EURUSD this week…each one had +30 pips bagged , thank you so much
Good work! Keep on!
What about usage of VPS instead of PC. It may rocket your trading performance.