Build discipline with systems
- Pre-trade checklist: five yes/no questions before every trade. Any “no” means no trade.
- Pre-commitment: set stop loss and take profit when you open the trade, not later.
- Daily loss limit: stop after losing, for example, 3% or two losing trades in a row.
- Fixed hours: trade only in your planned window.
- Remove temptation: turn off trading app notifications outside your hours.
Pre-trade checklist
- Is this one of my written setups?
- Is the trend on the higher timeframe in my favour?
- Is risk 1% or less, sized with the calculator?
- Is risk/reward at least 1 : 1.5?
- Is there no high-impact news in the next 30 minutes?
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Questions people ask
What if I keep breaking my rules?
Reduce position size to the minimum until you follow the plan for 20 trades in a row. Rule-following first, profit later.
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Educational content only, not financial, investment or tax advice. Trading forex and CFDs carries a high risk of losing money. Look up any term in the trading glossary.