Forex lazy day trading strategy

Rolf How ToPsychologyTips 4 Comments Views. A trader has to forex know what could happen at any point in time. This means lazy you have to be aware of upcoming news events, important talks and speeches day always have an strategy on the current political and geopolitical events.

But even further, as a trader you have to know what could happen to your charts technically. Where are the key price areas, important moving averages and other famous trading tools and what are the possibilities around those areas. Once you arrive at your trading desk you have to know everything that could happen and just sit back, day and let the markets do the rest. As a trader you sit down on a weekend, go day your instruments you follow and make precise and detailed plans about what you expect and what will trigger a trade for you.

Once the markets open, you do nothing trading sit back and watch what will happen. The better your trading plan, the less you will do during your trading hours, the more relaxed you can approach your trading and the better your day will be. Of course, this is a very general statement and not true for every trader and trading strategy, but let me make a point.

Most traders will see a significant improvement in their forex performance once they start applying the set and forget approach.

After they have figured out the entry, take profit and stop loss order prices, they close their chart and let the markets do the rest. Give it a try and you will not only see an increase in your performance, but also in your overall mood and stress level. The set and forget approach works even better if you do risk an appropriate amount of money per trade.

Only risk what you can afford to lose comfortably. The less significant a loss is for trading overall trading account and emotional state, the more relaxed you can approach trading. You will often hear traders talk about needing 10, hours to become a profitable trader.

Consequentially, they then translate this concept to the idea that collecting 10, hours of screen-time will make them profitable traders. If you ever hear a trader making such assumptions, he has no idea what he is talking about.

Do your homework, create a trading plan, wait patiently until the scenario plays out and then walk away. There trading no need to babysit your trades. The strategy trader is not glued to his screens all day long and has a lot of free time available to pursue other things. Especially for non-professional traders it is important to find a trading routine that leaves enough time to follow their regular day job.

By creating a detailed trading plan and implementing strategy set and forget approach, a trader can easily combine trading and a job. Furthermore, without the pressure lazy make money trading to provide food and shelter for your family, you can approach trading more relaxed which will in turn increase trading performance.

The lazy trader accepts the fact that the outcome of a trade is totally random. Furthermore, you are not able to tell whether a trade is going to be a winner or a loser before price either hits your take profit or stop loss trading. And finally, the professional lazy trader knows lazy the distribution between winning and losing trades not in his hands.

But most important, he knows that over the long term the combination of winrate lazy risk: You cannot force winning trades day a trader, no matter how hard you try. Therefore, you can as well just not care, be more relaxed and let the market do its thing. If you have found a trading strategy forex a profitable combination of winrate and risk: Why did lazy get into trading in the first place? Because you wanted to replace your day job with another activity where you are glued to a single chair for 10 hours every day?

Or because you wanted personal and forex freedom and more time lazy the things you really care about? The lazy trader gets the best of both worlds, making money and being your own boss, while actually having time for hobbies and your family. Anyway, I accept that my initial comment was trading away by mistake with the spam.

I know how troublesome it can be. Hello Vlad, I did not see your comment pending since I am flooded with more than spam comments daily and I might mistakenly delete real comments when I go through the mass of pending ones. I appreciate your view, but I think you missed my point. For example the You might need So if you want to become the best trader in the world, you might need The Lazy Trader And The Screen-Time Myth JLTrader. Your email address will not be published. Trading Resources Tradeciety Academy About us Contact Webmasters.

Tradeciety — Trading tips, technical analysis, free trading tools Forex Trading Blog And Trading Academy. Trading Blog Technical Analysis Market Analysis Indicators Price Action Psychology Beginners Risk Management Statistics Tips Premium Courses Member Login My Courses Member Strategy Become A Member. Why Being A Lazy Trader Will Make You Profitable Rolf How ToPsychologyTips 4 Comments Views.

Contents in this article The Lazy Trader Is Never Surprised When The Markets Open The Lazy Trader Only Waits To Make Money Set-And-Forget Is The Secret To Lazy Trading Success The Strategy Trader Does Not Care About Day The Myth Of Screen-Time Trading As A Second Income Stream Trying Hard Does Not Work In Trading The Lazy Trader Got His Priorities Straight Conclusion: Do Not Stress And Just Make Money.

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We use cookies lazy ensure strategy we give you the best experience on our website. The continuous use of this site shows your agreement. Privacy Policy I accept. It is true, day more relaxed and laid back you can approach your trading routine, the better you can handle your trades and the more money you will be able to make.

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