As a new trader I know that I have a lot to learn. I know that the profits don't come ever trade and I understand that in the beginning the profit is less than the knowledge gained. I see some of the patterns that people have talked about but still feel that more testing is need. 

I know now my worst problem is not the losing or the trade in general. But the lack of discipline in myself. I don't know when to walk away from the computer after making a nice profit. I overtrade/chase/FOMO/Revenge trade when I take a loss that is outside my loss limits.

What I will work on is limiting my size until I'm more comfortable with the patterns. I will stick to my rules better:

1. Cut losses quickly.

2. Do not chase.

3. Have a plan and stick to the plan for every trade.

4 Take the profit rather than try to ride for more. (Don't be greedy)

5. Recognize and only take the good trades.

6. After big a win or a loss take time away from the computer to ensure your head is cleared to keep trading. 

7. Focus on one trade at a time. 

 

I share this information to ensure other new traders you are not alone in your journey. Best of luck to you all. Hope my next post is to show me climbing to a new trading level.