Mark Douglas in the renowned trading psychology book ‘Trading In The Zone’ treated a broad range of trading issues with a simple systematic trading exercise. In his Path to Consistency Workshop, he discusses the details of the systematic trading exercise and the purpose behind it. While trading psychology is like going down the rabbit hole [...]
In this trading exercise, for just one or two trading session try and LOSE as many ticks as possible based on short term order flow and price swings (and not just crossing the inside market spread). You might surprise yourself and find that your win to loss ratio plateaus at some point. This will [...]
In this exercise you are going to build a position by averaging in. What this means is that you are getting long or short using multiple orders, and your average entry price may change with each fill. Averaging In Trading Drill Goal The game here is to build a 10 lot position in the market [...]
