consistency2/trading in the zone

Hello, end of the 2 quarter in the miami heat game for the nba, so a good time to write.

Someone told me one of this days that even with the journal and with the consistency plan, he was not being capable of staying consistent all the day, most of the days, and making some overtrading. One way to fight this overtrading is by just entering the trade if you have a solid reason. So my tip here is: focus in a trade at a time and get more control over your trades. How can you do it?

Download this excel doc and print it. Everytime you wish to make a trade just register the reason and the other data when you close and make sure you follow the strategy. Register your thinking, feelings and mistakes and get better and better. Work your weakest points. My weakest points were trading with big stakes overtrading, trading after 10 pm and thinking in money and not in ticks or %. Everyone has weakest points, but not everyone work them. Just work them with the help of the excel doc.
 I found this excel doc in one stock trading forum and find it very useful. This way, you are developing the trader in you and you are seeing trading as a business,by registering your work. Do some homework with this doc after a trading session (trading day).

I'd like to talk about a very good book for every trader. I read that book in one night, just loved the message that the book gives. The book talks about trading psychology, and gives very good advices for trading in the zone. The next time that you are going to trade, read this book instead if you are not consistent yet. The book's name is "Trading in the zone" by Mark douglas. The book is a bit repetitive but the repetition is intentional, so that the ideas stay in your head. You can find the book in the internet.

I think that you now have all the ingredients to become a sucessful trader. Now be patient and be disciplined. The market pays you for being disciplined.

Hope you like the post

r9