Important things I learned about trading this year!

Its just a matter of days that year 2019 will end and we will move on to the new year with lots of hope(again) in our trading. Year 2019 is not that a good trading year for me but I learned a few important things that can help me become a better trader in 2020.

Here are the things I learned:

1. Commitment - When you decide to be a trader make sure that you can commit your time 100% during trading, meaning you have to focus your mind in monitoring your chart looking for trade opportunities. Choose a time frame that you can have the time to see your chart at every candle close.Missing a few trade setups will definitely alter the over all results of your trading. If you cannot focus on smaller time frames then shift to higher time frames.
2. Discipline - Again I have to give emphasis on this one because so many traders seems to ignore this word. Their is no way that you can have  lifelong success in trading if you cannot be discipline all the time during trading. Market can really give trader a lot of psychological pressures and if you cannot endure it you will always end up being indiscipline.
3. Good Strategy - This is one of the pillar of becoming successful trader, that is why it is important to chose or create a good strategy to use in your trading, something that will fit best to your character as a trader. But what is good strategy means in trading, many traders may have different ideas, but for me a good strategy simply means that it produces profits over time, meaning its something that can provide constant profits in years to come, not just in a few months. Avoid using grid, martingale, huge or no stop loss strategies, this kind of trading strategies will not give you lifelong success in trading. Its better to learn cutting your loses small.

Always remember its the loses that hurts not the missed opportunities!

I wish you and your family a merry X'Mas and a profitable trading year in 2020!