Bygones are bygones! Forget how you performed in 2018. Prepare yourselves for an amazing journey in 2019. Take a firm New Year Resolve that you are going to trade smarter than ever before!
We all know from our past experiences that giant resolutions are not gonna work. So let us keep it simple and dimple. Here are some simple resolutions that actually work!
Resolve #1 Master One Trading Strategy
“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” Bruce Lee, Martial Arts Legend
Knowledge about different trading strategies alone will not bring you success. It is all about how well you execute them. Take up one strategy, learn it in-depth, and apply it with full focus. This will make you a master of that strategy in due course. Mastery of that one strategy is enough to bring you consistent profits. So in this New Year, let the first resolution be to master any ONE strategy that you’ve learnt.
Resolve #2 Track Your Performance
“What gets measured gets managed.” Peter Drucker, Management Guru
To get best results of your first resolve, you need to document your performance every time you execute a strategy. The easiest and most effective way to do this is to keep a Trading Journal as was taught to you in your training program. This journal will help you identify where you scored or where you went wrong, which in turn will help you to overcome your limitations one by one. In short, you will learn as you go.
Resolve #3 Maintain Trading Diary
“If opportunity doesn’t knock, build a door.” Milton Berle, Hollywood Actor
No strategy will work until and unless you have built a good rapport with the currency pair that you are watching and trading on. Keeping a trading diary is the solution here. Maintaining a trading diary will help to build this rapport whilst helping you to speed up your learning curve. Record the movements of the currency pair in your diary using charts and images. Soon, you will be able to find the right opportunity to trade.
Resolve #4 Manage Your Money Well
“A small leak will sink a great ship.” Benjamin Franklin, Founding Father of USA
If you don’t manage money, it will manage you! Take firm steps in 2019 to learn how to manage your money, lest whatever money you would earn by trading will be lost in a matter of days. A crucial factor to winning at forex trading is position sizing. Master this in 2019 using our lot size calculator. We are also developing an interactive tool that will help you calculate the position sizing on the screen itself. Stay tuned, we will keep you posted of its progress!
Resolve #5 Be A Lifelong Learner
“Once you stop learning, you start dying.” Albert Einstein, Nobel Prize Winner
Have you ever wondered how experts make millions a month? Well, not an easy task. You seldom see the effort they put into it! If you analyze them, you will understand that they are all lifelong continuous learners. If they have achieved anything, it is only because of their commitment to learning. So let that be another resolve for you for 2019. As Chanakya, the Indian Machiavelli, rightly pointed out – “If you cannot learn a verse a day, learn half of it; if not, learn a quarter; and if you can’t do even that, then learn at least a word a day!”
Resolve #6 Master Your Emotions
“Individuals who cannot master their emotions are ill-suited to profits.” Benjamin Graham, Mentor of Warren Buffet
Mastering a trading strategy is easier compared to mastering your own mind. Emotions play a vital role in determining success at trading. Take a firm resolve that you will spend at least five minutes a day observing your own mind, identifying reasons for getting emotionally carried away, and taking necessary rectification measures to prevent its recurrence. This self-introspection has the power to rewrite your fortune!
Resolve #7 Self-Manifest Your Destiny
“Affirm it, visualize it, believe it – and it will actualize itself.” Norman Vincent Peale, author of best seller “The Power of Positive Thinking”
Take a firm resolve that if your destiny in the previous years were determined by factors other than you, in the coming year, which is 2019, YOU are going to SELF-MANIFEST the destiny you want. This is possible by employing the techniques of visualization, affirmation, and positive thinking. Do not ever think that you are broke or you are making losses. Instead, think that you are just “pre-rich.” Every negative thought takes you away from profits. Every positive thought takes you closer to profits.
So, are you ready to surge ahead in 2019 with these killer resolutions? Keep us posted of your success!