In this article the importance of consistent trading will be covered from the type of analysis and usage of tools, to trade execution and
This straightforward comparison shows how changing strategies can alter trading decisions and consistency in trading . Trading strategies are generally far more complex than the examples below, therefore deviating away from a trade strategy can result in variable results.There are a number of ways traders can adopt a consistent approach to trading. Planning ahead, applying risk management and journaling day to day activities and price movements are among the most important.
For example, if a trader makes 2% on one trade, loses 4% on the next, then makes 1% on another, this will result in uneven results - even though two out of three trades were profitable., whether it be daily or weekly. Monitoring activity and factors that are influencing decision-making allows traders to remain consistent in their trading strategy. Traders should review trades periodically by overlaying previous trades with the trading plan for intended correlation.