Now that you have completed the lecture by Mark Douglas, you are going to complete the Trading Exercise. Your desire is to become a consistent trader, one where you can generate an income you can rely on.
You are going to stay focused in the process of trading instead of the outcome. The typical trader is obsessed with the outcome of a trade while the professional trader is focused on the process of trading and let’s the outcomes take care of themselves. Love the process of trading!
You are trading for the acquisition of skills as opposed to the outcome or how much money you are making. Once you will acquire those skills, you’ll find that the outcomes just take care of themselves and the profits will roll in.
Skills such as trading without fear and learning to think in probabilities. If you learn to think in probabilities then the fear will go away. You must convince yourself that these principles are true. They may sound true but you might have a history of experiences that will argue otherwise.
If you have tested your strategy to the point where you are confident that you have something that can generate consistent results then you can do this exercise. If you haven’t then you need to do that first.
Trading Exercise
Complete 20 trades of every signal generated by your trading plan. You must follow the plan to the letter. You cannot make any decisions outside your trading rules. You must take every signal!
Once you have completed the 20 trades, if you have not completed them flawlessly then you must start over and do another set of 20 trades.
If you are not happy with the results after the 20 trades, you can adjust your plan and then do it again. You cannot change any part of the plan in the middle of a set of trades.
Continue to do this exercise until you no longer have any conflicting thoughts and it becomes automatic.
Complete your trading journal and review your set of trades with Crush.
Bonus Reward: 10,000 points
Record the 20 trades with your comments in a video and review it with us.
You are welcome to complete the rest of the course first and then come back to complete this exercise.