to take a profit and I will not be greedy Take your profits when your targets get hit, dont change targets in an effort to try and get just a little bit more profitThese attempts to get a little more profit are. We notice you are using a browser version that we do not support. I try to trade with the dominant daily trend as much as possible. When they reflect inflationary pressure, the Fed will increase interest rates. Napoleon Hill, this is perhaps the most famous motivational" of all time, I have it on the wall in my trading office and I read it out loud to myself every day, I strongly suggest you do the same. I trust that youve learned something from todays article and I hope you write down or print out the above daily affirmations and read them out loud to yourself every day before analyzing the markets. Daily affirmations are a widely practiced method for attaining success and accelerating your ability to achieve goals. Theres nothing wrong with checking in on the market every 4 or 8 hours, but if you are sitting there addicted to your charts like a junkie, you are going to self-sabotage your own trades and probably end up losing a lot of money.
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Indeed, this is the core philosophy of Hills work and is the main reason why daily affirmations are so important to long-term success in any field, including trading. Forex price charts, not what we think should happen or what we want to happen. An increase of interest rates will cause a downturn in the economy, while a decrease will fuel an expansion. Think and Grow Rich Book, I suggest you do so in the near future, its the single best piece of motivational literature ever written in my opinion, and it will likely have transformative effects on your trading and your personal life. The difference is that you can actually develop and implement a high-probability trading edge like price action strategies when trading the markets. Its critical to keep a running track record of your trading performance so that you have a tangible piece of evidence that reflects your trading ability or lack thereof. I invest in my trading education myself Investing in your own education is paramount to success in any field. What the mind of man can conceive and believe, it can achieve Napoleon Hill, this is the most important motivational" day trading forex with s&r zones pdf of all time, which is why I have it listed again. All market variables are reflected via the natural price movement of the market, so by analyzing and trying to figure out whats going to happen by reading economic news or watching cnbc youre simply adding unnecessary and confusing variables to your trading approach. Dont fall into the trap of hoping that every trade you take goes on a parabolic run in your favor, the markets ebb and flow, meaning they dont go in straight lines for very long.