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In trading consistency is important

Michihito
Mar 10 at 12:36
posts 298
Consistency is the brick of success. It helps gradually to build your account. To be successful for long term we need to be consistent in profit making. Random trading can't help us to be successful.

SofieAndreasen
Mar 10 at 15:08
posts 614
I also agree. Making consistent profits is essential to become successful in the trading market.

LeviSievwright5
Mar 11 at 01:27
posts 298
Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

Faujinn
Mar 11 at 08:08
posts 57
You will definitely get a negative result if you conduct chaotic trading.

Willemcurtis
Mar 16 at 09:24
posts 26
LeviSievwright5 posted:
Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

And how do you actually make profit? That’s consistency of action and then through self-analysis. So, my point here is, maintain good record keeping or a trading journal.

Elena Triston (ele020)
Mar 16 at 09:49
posts 219
Michihito posted:
Consistency is the brick of success. It helps gradually to build your account. To be successful for long term we need to be consistent in profit making. Random trading can't help us to be successful.

Yes, consistency is important as assures that you are not running out of your capital. 2 loss days with 3 profits days in a week is surely okay but continuous losses for 3-4 weeks indicates something is wrong with your strategy.

The more your practice, the more you learn.
PeteLanceley
Mar 16 at 15:13
posts 49
I agree, consistency is everything long term.

leecopp
Mar 17 at 04:06
posts 17
Willemcurtis posted:
LeviSievwright5 posted:
Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

And how do you actually make profit? That’s consistency of action and then through self-analysis. So, my point here is, maintain good record keeping or a trading journal.

Not all trading opportunities are the same. So how do you justify executing the same rules when the same setup comes up?

Anoxiare
Mar 17 at 06:08
posts 22
leecopp posted:
Willemcurtis posted:
LeviSievwright5 posted:
Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

And how do you actually make profit? That’s consistency of action and then through self-analysis. So, my point here is, maintain good record keeping or a trading journal.

Not all trading opportunities are the same. So how do you justify executing the same rules when the same setup comes up?

Keep the stop-loss placement the same. Like, if you see it above the previous highs for the shorts, use the objective approach to determine the price. Apart from this, the exit reasons should also be consistent.

Sar John (Sarjohn)
Mar 17 at 08:41
posts 187
LeviSievwright5 posted:
Consistent profit is very important. If you are included in the loss/profit, you will never be able to make more profit from trading, so you must first create a consistent profit strategy.

Consistently, yes. But being consistent does not mean that every trade is a winning trade. Develop a strict daily trading routine to develop positive trading habits and keep your account in profits.

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