@Mandlagh
Two words: trading plan
Forget the rest of the advice given in reply to your thread,it might work for those who wrote it but its unlikely to work for you because your objectives are different from theirs.
Whats a trading plan?
A trading plan is a tool that helps maintain consistency in trading and acts as a reference tool when a trader needs guidance in making a trading decision
A trading plan will list the trader’s: objectives,risk capital,trading strategy,trading routine,weaknesses,and how to keep a trading journal
Contents of a plan
Traders need to have a plan and need to follow the plan. Some of the essentials that every trading plan should have are:
Objectives: A clear set of SMART objectives must be established by the trader; these will form the vision of the trader and guide his/her every trading decision.
Risk Capital: Your plan should indicate how much money you want to dedicate towards speculative trading. Do not trade more than what you indicate as your risk capital,and contrary to what some have said,money invested in speculative trading cannot be considered as savings as equities are highly volatile.
Trading System: A trading system is the heart of your trading plan. It is the technical part that indicates how each trade is taken. It will indicate the stocks that you intend to trade,the time frame over which you trade (one week,one month etc.),the signal that identifies a trade setup,the signal that confirms a trade setup,your entry and exit points.
Trading Routine: Your routine will determine three things: when you will analyze the market and plan your trades,when you will actually watch the market to take trades,and when you will evaluate your trading actions.
Trader’s weaknesses: To be a better trader,one needs to admit on personal weaknesses in order to work on them This will be an objective way to keep track of things that you need to work on in order to become a successful trader. e.g. 'I tend to overtrade','I tend to hold on to large losses,and take small profits'
Happy trading
It's not about the ending,it's about the journey.