I, , take this pledge to improve myself as a trader and as a professional.
I pledge to:
- Seeing the market as a force that sustains me and whose energy I can profit from. I don't stand in the way of the market; I align myself with it.
- Honoring my emotions rather than ignoring them before, during and after the trade.
- Taking responsibility for my reactions. How I react is entirely up to me.
- Knowing and accepting how much I stand to lose on each individual trade before taking the risk.
- Pausing for 1 hour on 3 losing trades in a row, if I still have credit on the day.
- Stopping trading for the week on 3 losing days in a row.
- Establishing my daily loss limit and honoring it.
- Reviewing my performance on a weekly basis and setting my own goals before the week begins.
- Giving up the privilege of trading the next day if I don't honor my daily loss limit today.
- Trading only using risk capital; funds that I can afford to lose without impacting my lifestyle.
- Trading with a plan, even if it is a simple one. I understand that trading impulsively is not for career traders.
- Judging my performance at the end of each week rather than at the close of each trade. My edge requires many trades to show itself.
- Identifying, documenting and committing to eliminate my trading errors through focused and deliberate practice.
- Supporting my fellow traders in their quest to consistency just as they will support me in mine.
- Proudly letting my honest actions and results represent the trader I aim to be.
I understand and accept this pledge. I commit all of my deliberate focus and discipline to honoring this pledge.
