Create your trading plan, work on it and stick to your plan - Achieving consistency and discipline

I have been working the way I trade recently. Working on my risk and money management, emotions that affect my trading, how to avoid revenge trading, what kind of trading tools I can use to improve my trading edge, and all that stuff.

It is fascinating to see it start to pay off once you patiently work on it. And I wanted to share some the rules I strictly followed here, it might help other traders as well:

1. Systemizing the learning process
2. Thinking on effective ways of learning.
3. Build through small wins, not the biggest, but where's the easiest money for me to test and implement what I have learned
4. I learned that I mostly lost profits and even end up with losses for being too greedy for more profits and deviating from my trading plan.
5. Set your take profit, stop loss along with the right position sizing. Have a clear plan on what you want to achieve.
6. Don't let emotional elements affect your trading decision and harm your long term profitability. (Automated trading helped me greatly with this and also with my trading discipline)
7. Set a risk limit for each trade, but also for a day/week/month.
8. Determine the right position size and start small
9. Increase the size of trades slowly if your account grows
10. Lower size or switch back to paper trading if your account doesn’t.

Here is one of the trades with Binance Futures I made recently when my work finally started to pay off