The lessons I learnt are mostly what I knew already. I have mentioned a few of them.
- To be successful in trading we have to be disciplined. I was not able to strictly follow my trading plan. On many occassions I could never restrain myself from tinkering with the open trades and that would only result in more losses. After the market closed and when I went over my trades of the day I could see that if I had not made the changes in that emotional moment my trades would have been more favourable to me. My losses would have been considerably low.
2. Failing to stick to my trading plan. When there used to be two or more consecutive losses I began to lose faith in my plan and I started to tinker with the plan and this resulted in more losses.
These were the two major lessons I learnt. Now I trade like a computer. I strictly follow the plan. I don’t look at the profits nowadays but only see if I am meticulously following the trading plan.
I am now consistently profitable for the last one year. I never feel tensed up while trading.