I started to trade almost 5 years ago and, to learn as much as I could, I read a lot of books and taken a lot of courses regarding technical analysis and trading systems.
Despite this, for the first 2 years my equity was keep going down and down:
-15%, -30%, -70% and I got my first margin call.
After this horrible event I started to double check all my previous trades and I realise I was doing this 2 common mistake:
- I didn't have a disciplined way to analyse the market.
- I was keep changing my trading system, over and over again.
This was my equity..
At all time I opened a position following a disciplined Trading System, the fear took over and I re-analysed the market over and over again.
And do you know what?
At all time my analysis were always different!
Because no book or course never taught me how to do disciplined analysis!
THE BIG TURN
After this deep self-analysis I discovered the Hurst Cycles and everything changed.
I found out a systemic approach to identify the market trends, support & resistance and chart Patterns.
From that moment, not only my trading system was disciplined, but even my market analysis.
You could be a disciplined trader but if you don't have a Systematic Analysis Method you will never find a profitable trading system.
Here you can see my Equity after I start to use the Hurst Cycles ⇓
What about YOU?
Are you trading with a disciplined trading system or you are just changing from one system to another?
Do you have a systemic approach to analyse the markets?
Start to create your own Discipline Analysis!