The Trading Mistakes done by a Novice Trader

My personal trading repeated mistakes: Technically, Mentally & Physically.

Walk Alone, Freedom is near: Yes, I will read all my rules and mistakes without headphones or music. If I skip this, I have no right to start trade analysis or place a trade. No matter how long it takes, even if it means missing a trade. — Live for Lambo, Fight like Jellyfish.

MISTAKES:

Today’s (mood/feelings) in terms of yesterday’s profit/loss? Choose one:
- I am confident today.
- I am hungry & tried today.
- I need to be careful today.
- I am fearing to lose yesterday’s profit.
- I am having recovery mindset today.
- I am not trusting my setup today.
- I am not feeling well to trade, feels scary.
- I am confused, too many entry points.
- I am not able to concentrate today.
- I want to double my capital today (Greedy feeling).
- Should I double the lot size quantity today?
- I am unstoppable, I am the king of the market.
- I want to do quickly trade, profit & share my profit screenshot to my friends (showoff).
- My open swing is trade is running in profit, should I exit it in the middle before target?
- Should I try other currency pair which is not in my do list?
- Should I news trade today? (Hero-Zero Trade.)

Had good sleep and light food? Yes or No?

Truth – No, I am taking not taking sufficient sleep time because I want to learn more & want to become quick rich & make money. I am eating whatever is available at home or ordering from outside.

Commitment – I will sleep a minimum of 7 hours every night so I can focus more on quality learning, even for a short period of time. I will cook at home calmly and eat healthy starting today.

No other personal work pending? Yes or No?

Truth – No, there is no personal work pending but I feel like I am missing my video game playtime.

Commitment – I will not play video games until I become a consistently earning professional trader. Time, money, and learning are my first priority right now. I need to change my habits, stay strong & stay focused to my goals.

Did I read all the rules today? Yes or No?

Truth – No, today I didn’t read the rules and the mistakes.

Commitment – I will read, I need to change myself. Trading is not important, following rules is important.

What is my trading style: Scalping or Swing?

Truth – Scalping trading style.

Commitment – I will use the swing trading style from now on because scalping makes me enter here and there randomly, sometimes without even analyzing the structure, and in the middle of no-trading zones.
Also, I need to catch big moves and take fewer trades, but higher-quality ones.

What is my entry style: Market order or Price tap?

Truth – 99% Market order & 1% Price tap (limit order).

Commitment – I will use limit orders with a calculated stop loss, or I will let the trade go. I want to overcome FOMO trades.

What is my stop loss style: Below the zone or the candle?

Truth – I don’t place a stop loss at all because I fear that it may hit my SL and then give a big move. I trusted my system and the direction view, but in reality, I was trading based on hope.
Even if the price goes against my trade, increasing the loss, I am not exiting because I still hope it will come back & I now want to risk all remaining capital of my account.
If the price comes back to break even, I expect the price to move more & give profit. I am not using this second chance to put SL, I don’t know what happens to me?

Commitment – From this moment I will place order with SL, no matter WTF & I will not hope trade. There is no second chance like thing & I should prepare the strict checklist for this.
So, stop-loss is better than Hope.

What is my target style: Static target or Dynamic target or Trailing target?

Truth – I mostly use trailing method to book profits to capture some extra points, but it is not systematic and preplanned.
I trail based on the price momentum very closer to the moving price and market cuts me out. After some time, price would hit the main target.
I fear because the price might reverse, and I may not book that good profit also.
This fear comes from trading with recovery mindset, as I was already in big loss and want to recover the past losses.
Now I understand that FOMO is not only for entry, but also for the profit target.
Also, there is two different types of taking the profit which I overlooked: Based on candle tip (or) points.

Commitment – So, first I will use Static target to get better understanding and later will also check the Dynamic & Trailing too.
I will not mix these 3 target styles together like for example price reaches my fixed Static target, there I will not use Trailing target method thinking that Static target points is already reached, and Trailing target will give extra points.
This will disturb my decision taking for targets. So, I will stick to Static target for about 100 trades and observe the change/result.

What is my risk to reward ratio stye: 1:2 or 1:3 or 1:5 or defined by target?

Truth – I never used the risk to reward ratio & tool too. I usually count the points and calculate because I did lot of options trading earlier.

Commitment – To choose one, I would say minimum 1:5RR or no trade. But due to change in my trading experience, now I only want to catch big trends (say, more than 1:20RR-full swing move).
I am not interested in catching small scalping because it will make me take entries anywhere without analyzing the data and in my experience, I have blown my account multiple times.
Here, I take fewer trades and get enough time to rightly analyze and calculate the next trade (small stop loss and maximum profit).

Do my mind change seeing others profit?

Truth – Yes, my mind changes and next I too enter the market without giving proper time to analysis. I jump based on to make quick profit thinking if he able to make why not me today.
But I forgot that market has already given the best move and it’s over for that day.

Commitment – I will not see, ask and talk about their profit or loss. Even if they send me the screenshot, I won’t reply to that message or that topic.
It is none of my business (strictly). I also need to control myself, even I won’t send them either.

Do I want to become quick rich? But what’s that reason?

Truth – Yes, I want to become rich quickly. I need to repay my loan, and the real reason is that any of my neighbor or relatives ask me what I am doing if I visited their place. I have no answer, feels shy and guilt.
Here, people think negatively about stock market that it is purely gambling, and I can’t argue or convince that it the right thing for me because I didn’t reach that level of earning.
Even I walk with my head down, so to avoid getting noticed.

Commitment – I will keep a positive mind and try to go with process. I will do the hard work same as earlier but this time in the right direction.
Here, process and mindset are my first priority and earning money is secondary (only a byproduct). I have no mentor to guide me, no problem. I will leave no stone unturned.

Do I want to compete with others?

Truth – Yes, I feel like I am competing with others to make same or more money. I am comparing myself with them who are making more money (maybe the unknowing Greed effect).
I become so attached to this habit watching their profits and success that I forgot that my full capital is just their one stop loss.
In this process and experience, I got to know that their capital is way bigger.
Now I understand why good psychology mentors always tell us to calculate profits as ROI in percentage form.

Commitment – I will not compete with others. Instead, I will focus on my goals and process from now on. I will block everything on internet that include profit/loss media, except for the learning strategy part.
I won’t let that greed garbage re-enter in my mind again. To do so, I will calculate my profit/loss in ROI (percentage) for every trade and keep patience.

Am I following the percent calculated rule correctly? ROI rule?

Truth – No, I have not been following the calculated ROI percentage rule, either in the past or present. In my trading journey, I think I only followed it 3–4 times.
I thought it wasn’t very important since it didn’t seem to make a difference in my planning, and over time, I slowly forgot about it.

Commitment – I will use the calculated ROI percentage rule and write down for each trade or no next trade for me (compulsory checklist/100 trades).
I will not neglect this rule because it will help me measure my performance, refine position sizing and RR ratio, and align with my risk appetite. This will bring me more clarity, discipline, and long-term focus.

Am I trading randomly without drawing the levels?

Truth – Yes, I randomly trade but I do draw levels & zones in advance. I did lot of option trading earlier.
Now I realize I didn’t wait patiently for my levels, had no entry, stop loss, or exit plan, and traded with the mindset that I have money in my account, now I could trade.
Also, when I win, I keep winning in a streak. When I lose, I keep losing in a streak. By the time I realize it, my account is blown But I still can’t figure out what’s happening to me.
Is it the effect of daily trading? Lack of sleep and lost focus? The pressure to make money every day? Unstoppable overconfidence? Or trading with the loan money effect as I need to make profit and repay the EMI every month?

Commitment – I will not trade randomly. I will stick to my strategy plan and apply price tap method for entry. This way I can approach the trades in the better way.
I will follow fixed ROI percentage rule for day, week and month, so I can avoid overtrading. I will write down the analysis for every trade even if it time taking task. I will never take loan and trade with it, no matter what.

Am I doing over analysis on the charts? which are not a part of my strategy?

Truth – Yes, I am doing over analysis on the charts because I believe that if I get more confirmations the chances are more that my trade would turn profitable anyhow.
Yes, I include other strategies, mix them up, and use too many indicators that I don’t rely on daily basis.

Commitment – Now, I will do controlled analysis which are only in my strategy planning checklist. I will dig deeper but not broader.
I will not mix strategies with one another, and I will keep the chart as neat as possible to focus on the clarity of the market move. I will set a limit to the indicators I tend to use.

Am I using martingale after making loss to recover the profit?

Truth – Yes, I use the martingale strategy to recover lost trades and get back my profit’s same day. I do this because I want to regain the money I first deposited.
It’s hard to accept losses after doing so much analysis. I traded with loan money, and now I can’t repay my EMI.
I always think that one last trade is all I need to recover everything at once. Maybe this mindset comes from past losses, recovery trading and on loan money.

Commitment – I will never use the Martingale strategy again in my life. Not in loss – Not in profit, even if my trade analysis is giving a 1000% accuracy or even if I have plenty of capital no matter what.
Instead, I can change calculated loss/profit risk in the next upgrade within the same strategy only after 100 successful trades. Also, I will take every trade as a normal trade (not a recovery or doubling trade).

Do I have a daily risk limit and profit target? Then by how much?

Truth – No, I haven’t set a daily risk limit or profit target. I just traded with the hope of making good profits every day, trying to maximize returns from the same capital.
I kept thinking time was running out and I might miss a good opportunity today.

Commitment – I will set daily risk limit and profit target in ROI percentage rule and follow it every day (compulsory checklist).
I will try to change my mindset and remember that the market isn’t ending today.
It is always open and will provide opportunities again. I need to be patient and well-prepared for the next chance to enter.

Do I have time limit for holding scalping and swing trades? Then by how long?

Truth – No, I don’t follow a time limit for holding scalping or swing trades. I tend to mix them up. For example, if a scalping trade moves slowly in my favor and the market is about to close, I carry it over as a swing or positional trade.
I convince myself that if the market isn’t giving profits today, it might tomorrow, especially if my view and direction seem right.

Commitment – I will create a separate holding time for both scalping and swing trades no matter what (compulsory checklist).
I will never mix scalping and swing trades in hopes of making extra profit, as I now understand this can ruin my trading discipline.
I will stick to a fixed static target method to overcome this challenge and shift my mindset (minimum 100 trades).

Do I really accept risk, loss and exit the trade now what matter what?

Truth – No, I don’t accept risk or losses, and I don’t exit trades even when the price moves against me and exceeds the stop loss level.
My biggest mistake is not placing a stop loss at all, thinking it would get hit and later it would hit the target.
My mindset was like why I should take multiple small stop losses when I could take one big risky stop loss.
I was knowingly risking my entire capital on that decision.

Commitment – I must accept risk management and money management as core principles from day one. These principles guide my profit, loss, entry, exit, and target in every trade for long term success.
I will set a calculated risk for each trade in my account to gain clarity on how much I am risking, and the ROI I am achieving (compulsory checklist).

Do I have timings for avoiding range bound market?

Truth – No, I have not written timings for a range bound market and I don’t follow seriously. I still get confused between UTC concepts which zone to follow and set the time period for them.
Even tried to ask the AI and they also give different answers many times. I even have not got a perfect video where he/she explains correctly about the Asia, London, New York timings. I know Indian market timings.

Commitment – I will search again the timings for all the global market timings and note it down and also review with investing.com.
So, I can also learn macroeconomics. I will set the UTC to main Zone like the New York UTC-5, then it will be easy to set my timetable and act like them.

Have I tried changing candlestick colors to create a neutral perspective (bias)?

Truth – Yes, I tried to change the colors of the candle to bring a neutral perspective bias. It worked for a short time, helping my mindset, but due to inconsistency from watching videos of different users, each with their own candle colors, I eventually switched back to the original colors to avoid confusion.

Commitment – I will do more research and experiment with candle colors, as many brokers and charting software have their own color settings.
This will be a hard decision to make because I need to match the candle colors across different brokers chart and check their correlation with indicator colors. Once I do, I will update here.

Do I have a strategy to overcome the FOMO of missing an entry?

Truth – No, I never made a strategy to overcome FOMO of missing an entry.
I mostly enter during breakout momentum, so the premium price is higher, and I get trapped many times, ending up doing that (hope) thing again.

Commitment – I will redefine my strategy to a price tap method, allowing me to buy at discounted prices and trade imbalances the right way.
From now on, I will only enter on a strict setup to avoid FOMO and prevent random entries.

Why I enter on impulsive move? How to control & tackle this problem?

Truth – I knowingly enter impulsive trades, but why? I don’t know. Maybe it’s the fear of missing a golden opportunity to make or recover profits.
Even when I repeat (don’t enter in this impulsive move) in my head, still I enter, I can’t control my hands.
Maybe I lack patience, and greed or excitement overrides my logic and planning. Or I am just exhausted, losing focus, breaking rules, and not sticking to the strategy.
Or perhaps I am just chasing the thrill, where profit/loss doesn’t matter, or it’s a (do or die) (make or break) mindset for that time.

Commitment – To tackle the impulsive move problem, I will stick to the strategy plan only (no setup, no trade).
To control greed, I will use a risk/money management table that I will create, so I can review current profit, and the ROI percentage rule is met or not, and I am done for the day.
To change my behavior in a do-or-die mindset, I will remind myself that trading is a business, and I can’t fulfill my dream with just one trade’s profit.
I will step away, breathe, and read my rules list again to avoid distractions. No matter how painful or boring it may be, I will read rules again & again or no trading.

Why do I make advanced entries to capture extra points? Is it to get quick rich or gamble or strategy?

Truth – Yes, I make advanced entries to not miss the move and get more points. Taking a trade makes me feel happy and then I don’t care about to place an SL.
Here, I forget that I am catching a falling knife and still entering while the price is still falling, without waiting for a pause or reversal candle and repeating the mistake every time.
Then yes, I am a gambler and not following my strategy plan checklist.

Commitment – I will only enter trades according to the strategy plan checklist that I have made and no guesswork. I must remind myself that I am not an institution capable of reversing the trend.
I will follow the institutions footprints only, stay behind them, and let them absorb the market’s force.
I will enter only in the institutional zone, no matter how fast the candle momentum is when it reaches my price tap entry area.
I shouldn’t be afraid to change my entry to another price. Instead, I will let the price hit the stop loss (SL). I will let the market decide whether my trade is right or wrong.
If it’s wrong, I will analyze the trade to understand where I made a mistake, write it down immediately, and avoid taking the next trade until I have figured out the problem and learned from it.

Are my trading goals clear and am I executing that? what is the truth?

Truth – No, I don’t have a trading goal. Earlier, I tried writing some rules in a small diary and followed them for a few days, but I eventually stopped.
Writing notes in a book didn’t work well for me because I spend most of my time in front of the computer and don’t enjoy holding a pen.
So now, I am writing all my rules and journal notes in this website.

Commitment – I will follow and maintain this journal website, preserving and updating it regularly, no matter what.
I will read and implement each rule in my day-to-day life. This is hard, but it’s my last chance to prove myself (no excuses).
I will never give up, and there is no tomorrow. That’s it.

Do I read and understand really about global market?

Truth – No, I don’t understand how the global market works, how central bank operate, or how factors like GDP, inflation, and interest influence the market.
I am unsure how economic policies, news, geopolitical events, and institutional moves drive price action.
Also, I don’t about their market open/close timings for each of them.

Commitment – I will research and prepare a detailed report of how global market functions with timings to match market bias with price action.
This detailed report can help me focus, make informed decisions, and build a positive impact on my trading journey for a long-term success. Until then no trading (compulsory checklist).

Am I paying attention to global market during market hours?

Truth – No, I am not paying attention to the global market during trading hours. Sometimes my trading market aligns perfectly with global movements, and other times it doesn’t.
I also don’t know which factors to watch or how to correlate global market sentiment with the indices or instruments I trade.

Commitment – I will include global market economics with my strategy. I will give sufficient time to try and test it out how it works.
I will rebuild my strategy from scratch if needed, to incorporate macroeconomic factors and ensure it aligns with my trading plan (compulsory checklist).
I will research key events like CPI, NFP, and Red Folder data, gathering information to understand how they impact the market and influence price movements.

Am I using strategies that I have not tested well?

Truth – Yes, I am using strategies and indicators that I haven’t tested thoroughly. I am struggling to stick to one strategy and end up mixing them to avoid missing any trades.
My mindset pushes me to search for a holy grail indicator because I subscribed to the Tradingview premium plan for a month, which is expensive.
This Tradingview premium plan makes me to try and test more indicators in the live market, when instead, I should be only focus on candlesticks and use the replay tool with clean chart.

Commitment – I will master and stick to one strategy at a time. I will not try other strategies until I take 100 Trades.
I will not mix up one strategy with other to gain advantage (This can affect the logic of the main strategy).
I will also avoid getting attracted to fancy holy grail indicators.
I need to maintain self-control, and to do that, I will keep my chart clean without any indicators, no matter what.

Am I mixing one strategy with other strategy? why is this right or wrong?

Truth – Yes, I combine one strategy with another to gain more points and get extra confirmations. Sometimes, I even mix in random strategies unknowingly but now I realize that this is a mistake I am repeating.
If my main strategy has only 3 clear checklist rules, adding unnecessary steps turns it into a complex 6-7 step process. This makes the strategy harder to follow and implement, adding unnecessary noise (Garbage).
By complicating a simple and clean strategy can lead me to bad trading habits, losing patience (hard to match so many conditions), losing focus and getting distracted easily to take impulsive decisions.

Commitment – I will rebuild the strategy from scratch. One master strategy which have only 3 main checklist rules and is super clean. Here’s how:
- Macroeconomics + Top-Down analysis.
- Risk and Money management.
- Strict Stop-loss, Entry, Target.

Is it necessary to achieve the daily target set by me? why?

Truth – In the past, I traded daily without setting targets. My habit was to jump into trades as soon as the market opened, using full lot sizes to chase maximum profit.
Now I realize that daily trading is like gambling, trading just for the thrill and excitement, feeling lucky to have money in my account today to trade while others don’t.
Now, I want to break this habit and only trade when there’s a strong setup and it fits my risk and money management.

Commitment – I will not trade daily and nor interested in achieving daily targets because daily trading is not a necessity, it’s a distraction from strategy and discipline.
Daily trading will again build FOMO trades and stress in my brain. Also remember, high-probability opportunities only come once or twice a week not daily (Very Important).
So now, I will only enter a trade when it fits in the strategy plan, or I have no right to trade.

Did I have a rule set for no trade timings?

Truth – No, I don’t have any fixed rules set for (no trade timings). I trade whenever I sit in front of the computer. Maybe this is the main reason I fall into sideways traps, get caught in SL hunting zones, and end up in bad trades.
I exhaust my body’s energy at the wrong times, so my days start with lost confidence, shift into recovery mode, and lead to impatience later.

Commitment – I will set both (no trade timings) and a (defined trading hours timings) in my rule list. I have to work on my body’s Energy Management, so I focus my main energy at the right time and place to improve my trading performance and decision-making.
Because morning losses will lead me to random trades, hurt my confidence, and push me into recovery mode instead of sticking to a plan for the whole day.
So, I will take breaks, rest with small naps, and try to avoid trading during low-volume and choppy periods (compulsory checklist).

Do I have a plan set for big loss if it happens?

Truth – No, I don’t have a plan for handling a big loss. When it happens, I feel sad and start thinking about how to recover it.
My problem is that I ignore the size of my stop loss, even after my first losing trade.
Next, I end up blowing my account through multiple martingale recovery trades. My trades often result in small profits and big losses.
I don’t understand why I can’t break this habit, and I only realize my mistake when my account is blown again.

Commitment – I will create a plan to manage big losses. I must understand that even the biggest earning trader’s losses many trades, but they take calculated stop-loss such that they never blow their own account or come in recovery mode.
Losses are a part of trading, but I must keep them small while capturing bigger profits. So, I will analyze each trade after booking profit/loss.
I will set a daily/weekly loss limit per session (in ROI percentage). If I hit that loss or secure a big profit, I will step away and no revenge trades or martingale.
I will take a break, walk, or nap to reset emotionally. I will review my losing trades more thoroughly than my winning trades in my journal to avoid repeating the same mistakes.
Additionally, I will create a bounce-back strategy to rebuild my confidence and manage risk effectively.

Am I analyzing the full sector before taking the trade? what is that checklist?

Truth – I partially analyze the sector before taking a trade, mainly focusing on how heavyweight companies are performing and their price action. I don’t have a strict checklist.

Commitment – This time I will prepare and include sector analysis in my checklist to consider factors like market sentiment, news, and correlations between stocks.
With key factors such as sector strength, company performance can improve my trading periods and stay disciplined.
Sector Analysis will save my time to analyze the right sector only and help me to avoid trade in sideways stocks (compulsory checklist).

Why I am breaking the rule every time? what is the reason & the root cause?

Truth – The main reason is I want to make quick money because if anyone asks me what I am doing? why I am not working? why I am still depending on my parents, I have no answer.
Also, I can’t talk about stock market because I am still losing.
I have spent a lot of time in this market, and if, at the last moment, they tell me to stop and do something else, I would feel like the biggest loser in my life.
So now, I am working day and night to achieve my goals and prove myself in this final stretch.
All I need is time, not speed.

Commitment – I will stay quiet, remain calm, keep working, and move slowly like a tortoise.
Blaming the time is not an option, I have to create a time management routine and follow it daily to maintain my pace (compulsory checklist).

Am I writing my trade journal after every trade? The truth?

Truth – In the past, I tried journaling my trades after the market closed, but I couldn’t stick with it long-term.
After a month of journaling, I started feeling drained and exhausted, especially since I was doing options trading and sitting in front of the computer for nearly 8 hours a day.
Eventually, I stopped journaling and focused only on trading because my body and mind had no real time to relax and rest.
I would trade in the morning, play games in the evening, and time just slipped away.

Commitment – From now on, I will write my trade journal after every trade, whether it is a profit or a loss.
Writing my trade journal may be time-consuming, but I must accept it and complete it seriously or I will not analyze another trade setup (very strict).
After writing the journal, I will take a break and rest to conserve my energy and spend it on analyzing my next quality trade.
This way, I will avoid overtrading and stay disciplined.

Am I engaging in other works while trading? If not, then why I am not profitable?

Truth – No, I am not engaging in other work while trading. My brain just feels tired, stressed, and pressured because of my past trading mistakes.
I am not profitable because I don’t have a trading plan. I thought my brain was enough to remember the strategy, and I wanted to trade daily to make money.
Without any money in my pockets, I don’t feel secure or strong.

Commitment – I have to understand that only time will heal me if I follow my psychology strategy plan with discipline and consistency.
I need to work on my bad habits and keep my mind away from unnecessary media distractions.
To stay focused, I will create a list of direct links to educational websites on my site, so I can access directly the reliable information without using search engines that show distracting advertisements and waste my valuable time.

Do I calculate the percent of risk on capital per trade? Truth?

Truth – I don’t calculate the percentage of risk on my capital per trade. I just assume a figure in points and take the trade.
Earlier, I tried calculating risk, and it worked well for a while. But after winning some big trades, overconfidence and a get rich quick mindset kicked in.
I doubled the lot size, turned to gambling, and eventually blew my account.

Commitment – I will prepare and include a calculated percentage rule for risk on my capital per trade (compulsory checklist).
Because after every big winning trade, my brain/mind is behaving that I have become an expert and can predict the market perfectly, causing me to ignore my strategy, neglect risk management, and take unnecessary overtrades.

Do I calculated lot size based on my account size and risk tolerance? where is it?

Truth – In the past, I didn’t calculate lot size based on my account risk.
Now, I am trying to follow a calculated lot size strategy, but I am struggling to stick to it and can’t figure out why.
I realize my biggest mistake is calculating the lot size for one currency pair but not dedicating enough time to test it thoroughly.
Instead, I keep switching to other currency pairs, which disrupts my progress and prevents me from refining my strategy.

Commitment – To tackle this mindset problem, I will reduce the number of major currency pairs I trade from 7 to 2 at the beginning.
This will help me avoid excess mental load and the pressure of analyzing too many charts.
To stay focused and keep my mind clear, I will execute trades only for 2 selected pairs until I complete 100 trades, then review the results (compulsory checklist).

Am I really trading with stop loss on every trade? Truth?

Truth – No, I have never seriously defined a fixed stop loss. All I see is the profit in charts and how not to miss them.
I am constantly skipping the stop loss from my strategy plan maybe from the following reasons:
- I have accepted believing in my mind that stop loss will get hit every time I took trade.
- I am not serious because it’s my parent’s money, and I don’t feel the pain of how hard they worked to earn it.
- I am chasing the thrill of showing off profits, or my mind has forgotten difference between a reality and a virtual world.
- I am just relying on luck, hoping for one life changing trade.

Commitment – I will not trade without a stop-loss (very strict).
I will change the trade (Execution Sequence) in my rule list from (Entry, Target, Stop-loss) to (Stop-loss, Entry, Target) to build better habits.
I will avoid unnecessary spending, except for investments in education and self-improvement.
I will not ask my parents for extra money unless it is for something truly essential.
I will try to slowly stay away from and avoid spending time on social media.
I will stick a notice message on my desktop using a sticky notes app.

Am I focusing on money or the process? But why? Truth?

Truth – I am focusing on the (money) more and the (process) less. Because I want to pay my loan EMI’s fast and build my dream trading PC setup with six monitors.
I rely more on data than the charts and to read that data I need a big setup, So I can analysis the trades and strategy much better.

Commitment – I will go slowly this time, with proper backing from my strategy and checklist data, even if I am using a single monitor.
I have experienced so much in this market that if I break any rules, the market will break me again.
I will stick to the process no matter how much time it takes.
Let it take months, I will wait because gambling will not win every time, and it will only bring me back to the starting point.

Am I trusting my system (strategy setup) even during drawdowns? By what percent?

Truth – The reality is that I am not even following my strategy correctly because I take trades here and there with FOMO and no logic backing my trade.
During drawdowns I increase the lot size hoping to recover my latest loosed capital that I deposited in my account.
I use 100% of my total capital left in hero zero scalp trades to recover the current loss before the market closes.
If I still don’t recover, I lose patience and take positional trades without giving enough time to analyze, hoping for a gap up or down the next day to recover my losses.

Commitment – First, I will only take a trade when all my checklist conditions are met.
If even one condition does not align with my strategy, I will not enter that trade and will move to the next opportunity with the same logic.
During a drawdown, I will not trade for the next 2 days and will use this time to fine-tune my strategy (figuring out and fixing the problem), no matter what.
I will never increase my lot size to recover losses on the same day because this will affect my psychology and breach my long-term consistency rule.

Do I stop trading when my emotions take over? What exactly are emotions?

Truth – I don’t stop trading or step away from screen, I am unaware that emotions are taking over me during my trades.
I don’t know whether it is a good/bad emotions but eventually leads me to take impulsive entries.
For now, I can only define it as symptoms of emotions I face like shaking my legs, analyzing the charts too fast, and I hesitate to exit.
Also, I fear that after I close my computer, the market may give big moves.

Commitment – If I notice symptoms of emotions taking over me, like shaking my legs, analyzing charts too quickly, losing focus or self-control, I will close my eyes and breathe deep slowly 10 times.
I will repeat this exercise also after I finish each trade whether it ends in profit or loss (compulsory checklist).
To remain calm, peace and relaxed from inside.

Why am I not placing the stop-loss, even if the price doesn’t move or react? What am I thinking?

Truth – No, I am not placing the stop-loss order, even if the price doesn’t move or react, because when I enter a trade, I feel fully confident it will eventually give me some profit.
My thoughts are like, (I can adjust the loss, let’s wait and see what happens I will handle it) but I end up making big losses and only small profits.
I spend the whole day trying to recover those losses, but I end up losing even more and when the best trade finally comes, I exit too early out of fear.

Commitment – I will follow a strict rule that is (Execution Sequence) 1st: Stop-Loss | 2nd: Entry | 3rd: Target.
So, here I will place/decide stop-loss in the first place and avoid this costly mistake and become a better risk management person.
I will treat each trade as a new normal trade in mind to avoid the rush and recovery mindset.

What is my multiple time frame setup? Am I following my top-down analysis or changing it randomly?

Truth – I lack confidence in using a multiple time frame setup and only rely on the 5-minute chart.
Due to the fast-paced nature of options trading, I skip top-down analysis.
I often find myself guessing while tracking all the Option Greeks, and I me miss the broader market context.
As of now, I have changed my trading instrument to futures where there is no time decay.

Commitment – I will use top-down analysis (multiple time frame setup) to improve my trading approach and strategy plan.
I will learn, test, and review how top-down analysis works. I will make it part of every strategy plan, so I remain in sync with the market’s direction.
This way, my directional bias will be clear, and I can refine my setup formation and entry model more accurately and confidently. Once I do, I will update here.

Am I trading based on hope or speculation? Be clear, why?

Truth – Yes, I have mostly traded based on hope and speculation, especially in options trading.
As a buyer, it was difficult to catch a move and ride the trend because I had to rely on candle momentum and Option Greeks.
I never knew when or from which candle the market would make a big move, making it hard to capture points and secure a profit.

Commitment – To overcome hope and speculation trading mindset, I will trade in the futures segment.
This will help me focus on my strategy, checklist, and calculated risk management in a disciplined way.
I will stay away from risky derivatives and avoid unnecessary mental stress, allowing me to master the right process and maintain steady progress in trading until I become consistently profitable.

Do I keep alerts for specific price levels rather than staring at the screen?

Truth – No, I never used Tradingview alerts system in my trading life. I just stare at the candles and price action all day, glued to the screen.
I eat, take short naps, and spend 90% in front of screen the whole day.
Maybe this is the reason why my body gets exhausted, drains energy, and I lose focus.
I don’t even write my levels on a diary.
I try to keep everything in my head, which only adds more tension, mental overload, and distractions.

Commitment – I will learn to use Tradingview alerts and make them part of my trading routine.
This way, I can see price levels on the screen instead of trying to remember them, so I can feel lighter and focus better.
Since my computer doesn’t have speakers, I will buy one for sound alerts.
I will also write down my levels, emotions and logic short journal in a diary.
Next, after my trade finishes, I will log everything on this website.

Do I recognize price/candle patterns and follow market cycles like bullish, bearish & sideways?

Truth – I recognize few price and candlestick patterns. I try to follow all three market cycles, but I can’t figure out the sideways trend in its initial stage of forming.
I often get trapped in sideways trends because I trade on the 5-minute chart and ignore higher time frames.
In Indian markets, candlestick patterns often fail, and daily pre-market gaps add uncertainty, making it harder to stick to my strategy plan.

Commitment – I will gradually learn and understand the psychology behind candlestick patterns.
I will create a report highlighting areas where these patterns work and where they fail.
I will also research sideways trend formations to recognize them early and avoid getting caught in stop-loss hunts or becoming liquidity for institutions.
To reinforce my learning, I will download a PDF of all the patterns on my tablet and read it every night before bed.

Golden Rule: Obey or Fail Again.

// What was my view over the crossover strategies? what mistake did I figured out?

A crossover strategy indicates a change in trend, but it doesn’t signal entry at the exact crossover point.

// How to stay disciplined in my entry and exit strategy to be consistent with my mindset?

Stop-Loss order: First, put stop-loss in Limit Order or I don’t the right to trade.
Entry/Exit order: (If I enter with a Market Order, then exit also in Market Order.) (If I enter with a Limit Order, the exit also in Limit Order.)

Very Strict / No Excuse / Quick Mind Check

1. Do I have backup rules to reinforce and help me stick to my main trading rules?

Remember, there is no plan A and no plan B. Just go and read now.

2. Do I have checklist of rules to follow before each trade?

Yes, follow means follow. Prove that I am the best.

3. What things to do to remain positive mindset in any situation?

Eat, Sleep in right time. Work and focus, daily 1% rule.

4. How do I maintain consistency in trading, regardless of profit or loss?

I have my strategy and plans written. Go now and read again.

5. What steps should I take if I fail to follow the major rules, I just set for myself?

Then just sit back, watch others succeed, face disrespect, and stay poor for life.

6. My chart have too many indicators? What to do?

Remove all the garbage right now. Zero means Zero.

7. Should I stick to one strategy for 1 month?

Stick to one main strategy till 100 trades to see the reality. Don’t count in months.

8. Should I participate in both long and short trades? Choose one only and why?

Stick to both long and short trades to understand the market structure.
I prefer short trades because of fast selling, quick targets, panic (human nature), and only institutions can stop the momentum.

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