Something to think about when you are trading.
Set yourself a Daily Percentage Target (DPT), mines is 6%. This may not sound like a lot but compounded every day for a years worth of trading is.
Now that you have your DPT, try and beat it by say another 2%. I know that 2% does not sound like much but it is in fact another 33% on top of your DPT.
If you maintained that 2% increase every day for a year your fund would grow by a factor of 88. Whatever your 6% DPT for the year would be, you would have 88 times that amount by simply increasing your DPT from 6% to 8%. Think about that the next time you are staring at the screen.
So remember, set your DPT then look to beat it every trading day.
1000 bananas * 1.06 ^ 240 (12mths * 20 trading days) =1'184'152'574.54 bananas
1000 bananas * 1.08 ^ 240 = 105'123'864'279 bananas
105'123'864'279 / 1'184'152'574.54 = 88.78 times more bananas.
It's the little things in life that count, especially when it comes to trading.
NB Real life scenarios may not work out the same (so instead of 1yr allow an addition 2nd or even 3rd year to complete the scenario)
XARD: Use the Orange ZZ line as your Intra-Day BIAS - Use the White Dot as your IntraDay HIGH/LOW - Use the White ZZ line for IntraDay EXIT - After a new Orange ZZ line appears, WAIT! for price to cross the Trend line to confirm a change in the Trend Cycle.