Know your Identity

To know your identity is to identify your good characters. In trading this good characters must be supported by good habbits that you consistently discipline yourself.

Couple of weeks ago i was anouncing for my book however i still have 1 final chapter to make which is the How to identify yourself  as a trader. In my early stage of learning forex a question pops out to my mind. a question that will explain everything and make learning forex easier. and that question is Who I am????

As i have continually ask this my self there wher a lot of answers that i wrote but unfortunately most of them are negative - and kinda negative. Im not gonna list in details but what im going to show you is a guide to identify yourself as a trader.

Guide  (A)  to know your identity

1. List everything you knew about your good character
2. in every good character you wrote down write a detail explanation about what you did consistently to have that good character. 
3. List everything you knew about your bad character
4. in every bad character you wrote write a detail explanation about what you did consistently to have that bad character
5. Know your Calling in Life - this is kinda hard but it will be advantage if you knew your calling. In case you dont then find a deeper reason why you want to be a trader.  when i say deeper it has to be the last rope your holding when everything is falling down. cause believe me outside force and situation will make trading hard that most of the trader will give up.  
6. As a Filipino you have to know the strength of pinoy. So for this part Im going ta ask you to do some research about 

• History of Filipino (who they are before sapaniards came)
• Why Filipino is good in cover music video???
•  If you are to be with foregners in the room do you tell yourself that they have better idea or explanation than yourself? if yes explain in details then search deeper about the strength of pinoy. If No then explain the contributing factors of your answer. 
•  Find out about Filipino Leaders (Pauliticians) 

1. watch bonifacio movie
2. watch Rizal movie
3. watch Gen Luna movie
4. search deeper the good side of Ferdinand Marcos
5. Know the crownies of Ferdinand Marcos and their role today

The above Guide A will clearly tell your self who you are as a person and who you are in your community. if you miss this guide then there will be great chances for you to give up trading or to copy what others is doing which you believe it will bring profit to your trade.

The main purpose of Guide A is to boost your confidence and to tell  yourself that you are built for something great. It doesent mean on trading but something big and great.


Guide (B)

1. you are oblige to read books. any financial enhancement book is good. For a start I need you to write a book report on

     1. my maid invest in stock market - by Bo Sanchess
             Write something about compounding and its application to yourself

     2. Poor dad Rich Dad - by Robert Kiyosaki
              write something about mindset because that is your identity

     3. CashFlow Quadrant - by Robert Kiyosaki
              Write something about Quadrant  and cashflow plus the application

Reading books is one of you good characters because it bring knowledge.

2.  By know if you are trading in demo. You must have a journal note book. No journal no trading policy.

On your journal make sure you will have this content

• Time and date you created a trade plan - (analysis of the market)
• In trade Plan what currency and what time frame you took the trade. 
• The tools you used (5 basic tools)
• Modification of tools and reason for modifying it. 
• What are the contributing factor why you took the trade. 
• What are the contributing factor why you identify the direction of that pair
• Win or Loose write the details how many pips? did your take profit was hit. do you follow Money Management. 
• Win trades what are the factors that you can improve your trade. 
• Loose trade time and date currency pair, tools and reason for taking this trade. How can this be the ringer on your head not to do it again. 

3. Find a coach for them to check your perfomance.
4. Find a group community  that share their downfall and success in trading.
     

Guide B is more on characters that you need to adopt as your identity, this will protect you on inconsistence.