Your progress that matters to me is not how much money you make, it’s whether you do your job. Whether you do the flow, whether you do your process. If you tell me in three months time, you tell me, “Phillip, I am still losing money, but I have already done the 30 trades, I jot down everything, I print screen the chart”, I will be happy for you. It doesn’t matter whether you make money, but because you have done what you are required to do to build up the right best practices and the trading workflow to become a proficient trader first.
Remember, proficient first before profitable. If you don’t build up your proficiency, yes, you can still be profitable, but you’ll be like your first trade, beginner’s luck. You cannot be profitable over the long run without first being proficient. And proficient comes with your ability to be disciplined in following the workflow and your rules and all the things that your process tells you to do.
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Latest posts by Philip Teo (see all)
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- The risk of trading multiple highly correlated currency pairs - September 10, 2019