₦airaland Forum

THE 25 RULES OF TRADING DISCIPLINE by Douglas E. Zalesky

1. THE MARKET PAYS YOU TO BE DISCIPLINED.
2. BE DISCIPLINED EVERY DAY, IN EVERY TRADE, AND THE MARKET WILL REWARD YOU. BUT DON’T CLAIM TO BE DISCIPLINED IF YOU ARE NOT 100 PERCENT OF THE TIME.
3. ALWAYS LOWER YOUR TRADE SIZE WHEN YOU’RE TRADING POORLY.
4. NEVER TURN A WINNER INTO A LOSER.
5. YOUR BIGGEST LOSER CAN’T EXCEED YOUR BIGGEST WINNER.
6. DEVELOP A METHODOLOGY AND STICK WITH IT. DON’T CHANGE METHODOLOGIES FROM DAY TO DAY.
7. BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE.
8. YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY.
9. EARN THE RIGHT TO TRADE BIGGER.
10. GET OUT OF YOUR LOSERS
11. THE FIRST LOSS IS THE BEST LOSS.
12. DON’T HOPE AND PRAY. IF YOU DO, YOU WILL LOSE.
13. DON’T WORRY ABOUT NEWS. IT’S HISTORY.
14. DON’T SPECULATE. IF YOU DO,YOU WILL LOSE.
15. LOVE TO LOSE MONEY.
16. IF YOUR TRADE IS NOT GOING ANYWHERE IN A GIVEN TIMEFRAME, IT’S TIME TO EXIT.
17. NEVER TAKE A BIG LOSS. ONLY A BIG LOSS CAN HURT YOU.
18. MAKE A LITTLE BIT EVERYDAY. DIG YOUR DITCHES. DON’T FILL THEM IN.
19. HIT SINGLES NOT HOME RUNS.
20. CONSISTENCY BUILDS CONFIDENCE AND CONTROL.
21. LEARN TO SWEAT OUT (SCALE OUT) YOUR WINNERS.
22. MAKE THE SAME TYPE OF TRADES OVER AND OVER AGAIN – BE A BRICKLAYER
23. DON’T OVER-ANALYZE. DON’T PROCRASTINATE. DON’T HESITATE. IF YOU DO,YOU WILL LOSE.
24. ALL TRADERS ARE CREATED EQUAL IN THE EYES OF THE MARKET.
25. IT’S THE MARKET ITSELF THAT WIELDS THE ULTIMATE SCALE OF JUSTICE.

Regards,
EF

prettyboey:
I wished I could thank you later but I am thanking right now...
thank you bro

You are welcome Mate,
May the market always reward you accordingly,

Regards,
EF

Hello Everyone,
You all should read this and thank me later.
It's very brief, the kind of simplicity we need in trading,
probably Mr Seun would also get a glimpse of it too and he would realize forex trader(we) ain't too far from wall street.

Pdf file attached in this message.

Regards,
EF

People fear what they don't know,
You can call forex all you want, your choice doesn't affect the global market.

lawson007:
@Feshizzy,i almost pressed the ignore button before i saw your apology because there was no need to be rude.
Apology accepted,maturity commended.
no hard feelings.

Owliver:
already he never insulted you. anyways, forgive me for equally insulting you for that was the best I could come up with at that time.

thanks

Thank you Bosses,
I felt bad relaying to sir Lawson007 that way, he is a kind man and also a gentleman, thank you Sir Owliver for pointing it out to me, very much appreciated
Once again I'm truly sorry.

May the forces of the pips be with us all.


Regards,
EF

Owliver:
you should have replied without insults. you are silly

I'm sorry if I may have sounded offensive,
But bringing back a closed issue back into limelight, is really not of good faith.
You know I'm right, I do apologise for the insults @lawson007.

Regards,
EF

@lawson007
As to what unzionplace and I was debating,
If you really read as claimed you would understand the point I was driving at, or his misleading tactics worked a better part on you.
He was going after members here, because he had a los....................
Go read again sir, I am done with this matter already.

Regards,
EF

FxDuke:
lol its ok bro....no qualms
technically speaking sha...but not the major culprit

I am the major culprit
That's what happens when my phone is dragging ownership with me.
I read through the post and I found out I made much grammatical blunders.
Actually it's my phone with it oversabi autocorrect. But it's on me.
No offence taken.

Regards,
EF

currentprice:
not normal check his last post,,, you see it hidden

_{^{if he can't listen or know when to leave the stage for peace,,, the robot can do the justice}}

I have seen it, it's not normal
Atleast he would have time to watch his monk video very well.

currentprice:
his ban is not from SEUN or any mod,,, its from auto-ban i think

I mean how did you know he was banned, I checked his profile and it was still normal.

I know this is a bit off topic,
But how do one tell if a member has been banned?
Currentprice your input would be appreciated.
I do apologise for the diversification.

Regards,
EF

While he was claiming to be creating screenshot of me, it's good the fellow was taking proper note. It means he is learning.
The real truth was that he was clearing all of his post again, I mean everything again, which person in his right senses does that?
Till this moment, I still don't understand what his problem is.
I feel for him though, after preparing all through the night, while we all was at sleep only to wake up to see a ban. I don't think he would stop there.

PIPsharingan:
Good Morning Pip Killaz,

Taking a second trade(NZD/USDs), while waiting to see what comes out from yesterday's position

Wishing you all a beautiful day

Happy Slashing

Nice trade Sensei,

That's a classic breakout.

Regards,
EF

sweetmaris:
Sell GJ
Am going to risk 50 pips on this

Good Morning Maris,
I do not advise selling yet.
In strength and weakness, the bull still got strength.

Regards,
EF

He meant minor gamble habit.

Feshizzy:
No one should enter this f*cking buy, there's so much resistance everywhere, this is a very aggressive entry with much to lose.
I was wondering how you keep losing in forex.
You just gave us the answer.
I am speaking as a completely objective third party observer with absolutely no personal interest in the matter

Regards,
EF

Well, Officially speaking
That fellow has now become Antarctica, where everybody knows where it is, but nobody wants to go there

Feshizzy:
Please anyone Analysis on GBPJPY and CADJPY?
Inasmuch I know the market is now ranging,
The buy on them, were low probability setups today.
I bet some lecturers and travel agencies are regretting taking those trade at the moment
But a fair analysis would be nice.

Please update on this pairs,
To me I saw buy took a bullet.

If this lad behaves like this on a regular day, I wonder what would happen after a few bottles of beer?

gungab:
sir how can I start fx trading, I just finish my nysc and hunting for job, I have little capital that I intend to start something profitable couple with laptop
rapheasco2009@gmail.com
thanks

Go to babypips.com click on school, register there and learn.
Anything you find difficult in understanding, just say it on this thread, don't be scared of derailers, they are the reason why you must succeed.
In there, it tells so much about risk and what you should look for.
Welcome on board mate. May the forces of the pips be with you,
Don't pay anyone money to teach you forex, take you time to go through the school and let the school also go through you. It's better you get it right at the beginning.
There are many members here, that would be glad to help, next time don't post your emails.

Regards,
EF

Double Photo Quote,

Another Photo Quote
This would set someone on rampage like an injured rhino

Today's photo quote