The Importance of Discipline · Lets Geaux Hustle

The Importance of Discipline

The markets do what the markets are gonna do. You WILL lose trades. But some wounds in this game are self inflicted. The key is to remain disciplined and stick to your rules.

I made money with Matt Davis this morning during our trading session. Then he went over the charts on other Forex pairs. I switched over to a pair I am not familiar with and took a buy. That was my first mistake. My second mistake was not realizing my lot size calculations were off. Soon as I entered the trade I was down half my profits. I hung in trying to wait for it to turn around but the broker closed the trade. That shit happens. I had lost all my profits for the entire week. I sat back, took a breath, and regrouped.

I went back to my favorite pair. Did my assessment, and set my alerts for both possible scenarios. Then I walked away. Made some calls, handled some business which I will be posting about after this. LOL.

Suddenly, my alerts went off. The suspense of it all!! I jumped back on the charts! Waited for my confirmations to reveal themselves. Then, I entered the buy.

It pulled back, but being confident about my assessment because of my Matt Davis training, I entered another buy. I then set my Stop Loss and my Take Profit areas, and I left.

I came about an hour later to see I was up. I had gain all my loses back plus my daily goal. I was satisfied so I closed the trade and took my winnings. I'm good.

The moral of the story is....Stay disciplined and trust your training, even when you f*#k up.

Peace & Love.

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