How to think like Professional Trader

 Over the weekend, I watched 4 video serials by Mark Douglas "How to think like Professional trader? "

That is exact what I need at this stage of my trading career.

In my short trading experience for future and option, I have learnt many new analytical tools and strategies, I did trade in paper money and I had some success and failure in one way or another, but overall, I did not make real money.   

I found myself have "scary mentality".  Though I know the mechanicals of certain trading strategy, I found myself often experience as following:-

• I always hesitate and look for more confirmation before I put up the entry; 
• At the same time, when the trade turns out to be winning, I am anxious to take off too early; 
• When  trade turns against me, I delay the exit and even, move the stop loss and hoping the market turns around.

After watching Mack Douglas video, in which, he advices to have Pro Mindset of  Overall all Series of trades" not "trade by trade". 

There are three steps to achieve that:

1. To define the edge of trading strategy by back test of paper trading by series of sample of trades;
2. To follow the edge of statistically define 
3. To develop the skill set of professional traders that trading without fear

From today, I will set up a serial of trades, strictly following my trade plan,

- I will always put defined risk for every trade

- I will change my mentality from "trade by trade" to "overall serials trade and seek statically probability"

- I will accept the risk and willing to scale back or let go the edge

- I will act on edge without reservation and hesitation

- I will keep trading journal to monitor my mental growth and errors

- I will never violate the principles of success.

I am a consistent winner!