For some of you, the biggest problem is consistency on all levels
Some of you have been here for quite a while, but youāre simply not trading often enough to make meaningful progress on your accounts, and simply not seeking accountability, coaching, and daily feedback. And you just don't practice on your own.
So Iām going to suggest something that I would not normally recommend, but I do believe it can work to get your portfolio into a positive expectancy if ā and only if ā you follow the rules exactly.
ā ļø The One Trade Rule
Moving forward, if you choose to use this approach, you will come into the trading room and take ONE trade.
Thatās it.
One trade.
Then you leave.
If you win, youāre done.
If you lose, youāre done.
No second trade.
No revenge trade.
No ājust one more.ā
No exceptions.
One trade per day.
Five trades per week.
Thatās the entire strategy.
šÆ How It Works
If you have 20 accounts, trade all 20 accounts at once.
One group.
One entry.
One decision.
If you have 10 accounts, trade all 10 accounts at once.
If you have 5 accounts, trade all 5 accounts at once.
The point is simplicity.
Take the trade.
Accept the outcome.
Move on with your day.
š Risk Rules Are Mandatory
Because of both psychological and technical reasons, your settings must be:
Maximum Daily Profit: $63
Maximum Daily Loss: $63
I donāt care whether youāre trading 50K accounts or 300K accounts.
The settings stay the same.
This keeps the emotional pressure low and also helps reduce potential execution issues that can occur when sending larger grouped orders.
ā ļø Understand This Clearly
If youāre trading a group of 20 accounts, youāre sending 20 contracts.
Thereās no way around that.
20 accounts = 20 contracts.
10 accounts = 10 contracts.
5 accounts = 5 contracts.
Thatās simply how group trading works.
š§ The Mindset Requirement
If you choose this route, you must be emotionally mature enough to accept both outcomes.
If the trade losesā¦
Deal with it.
Stop trading.
If the trade winsā¦
Deal with it.
Stop trading.
The goal is not excitement.
The goal is participation.
The goal is consistency.
The goal is accumulating enough quality trades over time to move your accounts forward.
š Who Is This For?
This is primarily for those of you who cannot realistically attend the trading room every single day for extended periods.
If coming into the room for one trade between roughly 9:45 AM and 10:00 AM allows you to participate consistently throughout the week, then this may be a very good solution for you.
However, this assumes:
ā
Your execution is under control
ā
Your timing is under control
ā
You understand the setup
ā
Youāre no longer doing silly things with your accounts
Only you know whether thatās true.
Iāve stopped trying to micromanage everyoneās emotions and decisions. Ultimately, thatās your responsibility.
š¤ My Recommendation
Honestly?
Iām recommending this for pretty much everyone.
Not because itās perfect.
But because many of you simply arenāt making enough progress.
There are only six months left before this community closes.
Weāve tried a lot of different approaches.
For many of you, consistency is still the missing piece.
So letās simplify this.
One trade.
Then leave.
Do that five times per week.
Letās see what happens.
š Action Required
Comment:
Roger Wilco
And please answer the poll below as well.
I want to know where everyone stands and whether this is something youāre willing to commit to.
Letās make the next six months count