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What Does Consistency Mean In Trading ?



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Hello traders:

Today let's talk about “consistency” in trading.

Many traders understand they need to be consistent, but what exactly is consistent in trading ?

To me, it's not just making consistent “profit”, rather it's being consistent with your trading strategy, risk management, trading psychology, mindset and emotion.

Let's take a look at a few examples of consistency in trading:

Consistency in profits:
More often traders think about hitting a set amount of % return in consistency.
This is certainly one way to look at it, but I would say to challenge ourselves to do more.
Each and every month, the market will develop differently, hence our profits are not gonna always be the “same” each and every month.
Some month with more profits, some month with more losses. We need to have the ability to stay “consistent” no matter what the market condition is.

Consistency in strategy and Trading Plan:
Remember, there are many different trading strategies out there.
The ability to stay “consistent” with your current trading strategy, and not jump from strategy to strategy.
Even if your strategy right now isn't getting any entries available in the current market condition, while others are entering trade, you need to stay consistent with your strategy and let the probability play out.
Understand no strategy can catch every move in the market. Some will catch this particular run, while others will catch other developments.

Consistency in risk management:
When you are at a series of drawdowns and losses, the ability to stay “consistent” with your risk management.
Not risking more than 1%, not entering more than 2-3 trades at a time. No revenge trade, and/or over leverage trade.
Respect your SL and honour the SL. More often traders fall into this stage while they take a number of losses and throw their risk management out the window.

Consistency in mindset and emotion:
When your strategy isn't playing out on a short term, the ability to stay “consistent” and not to start randomly taking trades based on FOMO, Greed and emotion.
Sometimes traders get impatient and feel like waiting for setups to happen is a hassle and they don't want to wait.
This is when they start to rush their trading journey and backfires on them.

Consistency in your goal:
Set goals for your result and progress. The ability to stay “consistent” with yourself and don't let external factors like social media, fake guru, scammers affect you and your goal.
If you plan to have 5% per month profit, then don't let other people affect you in a negative way.
Everyone trades differently, and with different strategy, method and approach. No need to compare and compete with others, rather, with yourself each and every year.

Below I will forward some good educational videos on the above topics that we have discussed:

Trading Psychology: Revenge Trading
https://www.tradingview.com/chart/BTCUSD/mLpgWflL-Trading-Psychology-Revenge-Trading/

Trading Psychology: Fear Of Missing Out
https://www.tradingview.com/chart/XAUUSD/Mjq3ziFw-Trading-Psychology-Fear-Of-Missing-Out-on-GOLD/

Trading Psychology: Over Leveraged Trading
https://www.tradingview.com/chart/XAUUSD/j78xxZqU-Trading-Psychology-Over-Leveraged-Trading/

Risk Management: Combine everything you learn to prevent blowing a trading account
https://www.tradingview.com/chart/BTCUSD/afqpSfe3-Risk-Management-prevent-blowing-a-trading-account/

DISCLAIMER:
Be Very Careful of Scammers & Fakers impersonating me (Jojo), my channels/platforms/community (Aeris Trading) to message you to scam. They can create fake/scam Telegram channel, personal account, IG profile, Youtube Channel/Name...etc

I will NEVER private/direct message you first to sell you anything, any messages from "me" should be treated as a scam. Block and report, thank you.

Educational Trading Contents:
How to analyse the market from scratch (Impulse & Correction Strategy):
https://youtu.be/3yYvjVCWsTQ
Continuation/Reversal structures and patterns:
https://youtu.be/IfdQA_gXMw0
When/How to move SL to BE and to profit in a running trade ?
https://youtu.be/Pos7gmLVQgA
How to filter trading opportunities if multiple setups are presenting entries:
https://youtu.be/gjeBfpt9niY
Risk Management on 3 types of Entries:
https://youtu.be/WyA93Tijr8k
Use Trendline to frame Price Action Structures/Patterns:
https://youtu.be/irzL0vn2KhU
Treat Trading like a business to succeed:
https://youtu.be/Ue0go2-waiA
Trading Plan 2.0:
https://youtu.be/nuJaFuyMeGQ

Follow me on these social platforms:
Website: https://www.aeristrading.com/
Free Telegram Channel: https://t.me/aeristrading
Public Community Chat Room: https://t.me/aeristradingchat
TradingView: https://bit.ly/3w8YDlU
YouTube: https://bit.ly/3ghg7Go
Instagram: https://www.instagram.com/aeristrading/
Twitter: https://twitter.com/Aeris_Trading
Facebook: https://www.facebook.com/aeristrading
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