Visualize Draft

 

 

In  my visualization i have 2 trades

 

1.Forgetting Previous Trades: (one trade has nothing to do with my next trade.The market certainly does not take into account how I traded in my previous trade)

Picture in my minds eye, i am sitting before the laptop and on the screen i can see the trade i did previously and i am noticing the colorful header on the browser which says IG markets as i am observing the details so are the colors fading away and they are fading away continuously now i can hardly see the letter and numbers now i cant even see the title bar.It is also simultaneously fading away in my memory all of a sudden  i see a very white bright flash before me like a camera flash and i am presented with a pure white screen. I see my self in my mind theater and seated in a chair all alone in the theater and there is only one chair in the whole of theater made of leather and run the above movie fast.

I can use this for Winning/ Loosing trade.No matter it it was a winner, loser, or a break even trade.I still need to forget it and move onto next one.No matter what happened we can’t change the past.we only need to keep our mind clear to be productive

2.Windfalls/Stop-Loss:Picture in my minds eye, i am sitting before the laptop and on the screen.Remember how you got your account to 3000 in IG for the first time.Feel that confidence again in you now magnify that confidence 10 folds of if i cant find confidence here find some thing i am confident at even if its as little as even lifting pen and then shift your minds eye to this trade.

You see yourself looking at the charts and looking for opportunity, you know that this is the time you look at all your indicators and trading plan every thing fits in.You open the brokers accounts and enter the trade with out hesitation.You can see the blue on the screen and keep trailing your stop loss appropriately.You can see that you have exited the trade with large amount of profit.

Now you again go through all the charts for opportunity and when you see one on the chart you enter the trade and i can see this time i am very defensive and very tight stop loss , this trade i have given little or no room for error as i want to hold on tight to my profits.The trade is running so close to my Stop loss i can see i might be taken out of the trade any time.I am waiting there with my Stop Loss and i can see i believed in my analysis and i want to stick on to it.No matter what my will and focus is fixed i can see i am determined to have a tight grip on my profits and follow my plan.

Case1:

The trade went against me switch to Forgetting Previous Trades

Case2:

The trade went switch to windfalls/stop loss

 

 

 

 

 

i go to prorealtime and filter based on my conditions i get few stocks and i do my analysis on themi place an order and i can see its in orders to open.The market opens order gets executed and i can see every thing in blue and my account is growing by x dollars each time i close it.

i check dow and all ord and i see which direction its trading clearly.I look for an opportunity to get in macd cross and RSI value now i am placing an order i can see the value in red but i can see myself confident in me as it didn't hit my stop loss and wait for it to turn blue and these i can clearly see the blue and the value increasing.

 

when do u panic?

I put a trade and see its going in loss it looks like i panic if my loss is more than 100 dollars, at 75 i start building up

 

 

Follow the Plan with Risk Management

Dealing with Loss-If i have more than 3 consecutive loss

handling panic attack

identify revenge trade

Maintaining calm

identify anger at market or at me

Before that i need to define process, then i can use the following

1. Filtering

I can see my self sitting down in the chair with a pad made up of teak,i place the laptop and start the windows, now i am starting the prorealtime 

and i can see the charts bright and clear and able to identify patterns nice and clearly

I can see there is no wishful thinking and only reading the charts to what its telling me.

There should be no difference between $2 and $25 contracts

$5 contracts

i can see my self getting out of winning trades and 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.Portfolio

 

3.Closing a position