Why Bringing Charts Matters

Bringing your own charts to each session is a major factor in your success. They don't have to show perfect, winning, or live trades. What matters is that you put time into the charts, reflect on them yourself, and learn from that reflection. Whether they show live trades or simulated trades from chart-based backtesting, that's where growth happens.

Trading requires leadership and ownership. Not just knowing what you're doing, but also having a crystal-clear goal in mind - and organizing yourself so you can take the necessary steps in between. Your time with me is limited, so come prepared. Know what you need, so we can take your process to a higher level in that session.

"It is not about the resources, it is about being resourceful."
— Tony Robbins

I truly believe in this quote; it's my mantra. Regardless of the circumstances, I try to get the best out of myself. The current slow or difficult market conditions don't have to determine your success either. It's about how you deal with it and how resourceful you are in continuing to move toward your goal. Individual wins and losses are irrelevant to that. It's about the process. And yes, becoming consistently profitable takes time. The question isn't how long it takes to get there, but how willing you are to keep pursuing your goals and ambitions despite the time required.

I read the following quote in the book Daddycation: Committed Fatherhood, and it applies remarkably well to much more in the process called life.

"You don't rise to the level of your goals. You fall to the level of your systems."
— James Clear, entrepreneur, writer, photographer

To raise your performance and achieve the corresponding goals, you simply have to work systematically.

And what working systematically means is described below in 5 points:

1. Become a specialist in trading one type of setup: reversal or the break and retest
2. Have the objective confirmation points that belong to your setup 100% clear (see example)
3. Besides placing real trades, also backtest your system—setup type and confirmation points—using historical data on one asset of your choice - for example this past week.
4. Log your real or backtested trades, reflect on them with your mentor and learn
5. Focus on the process and not on individual wins and losses

And I'd like to add a #6: trade with the trend!
Because I see a lot of failed trades coming from trading against the trend.

Below are several trade examples from this past week:

DAX – clean break and retest short on Friday morning, March 27
https://www.loom.com/share/699f720f61eb465e86faf6eb0d1eba84

Gold – market analysis on the 1-hour timeframe leading into a clean reversal long on the lower timeframe
https://www.loom.com/share/5d0be3f7bf94429991428e4f631c33ad

US500 – market analysis from the Trump tweet on Monday through the breakdown on Friday, with several clean short-reversal setups
https://www.loom.com/share/bf4348333d004f18b195392b37339969