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4x6Here we are at year’s end again, and it’s time to stop trading for a bit and reflect on our past year’s trading performance. This means it’s time to get honest with yourself…how did you fare last year in the markets? Can you honestly say you put forth your best effort at being a disciplined and logical trader or did you behave more like someone on a 1 year gambling binge in Las Vegas? Either way, it’s time to get ready for the New Year and take advantage of the psychological “clean slate” that comes with it. Every trader knows their main weaknesses, so when writing our New Year’s trading resolutions and affirmations, don’t be afraid to focus on your weak points and bring them to the surface. Don’t sugar-coat this; everyone has weaknesses when it comes to trading and if you don’t face them head-on you will never strengthen them. Here are 5 trading resolutions for 2013 to get you started; you can add some more of your own to give yourself a nice list of achievable trading goals for the New Year:

1)  I will aim to be a better person in general

“I will become a better all-around person and this will directly benefit my trading.”

I’ll admit it, this first point isn’t just related to trading, it applies to life in general; it could apply to relationships, your job, business, or even to your studies if you’re a student. One reason why most people don’t achieve their New Year’s resolutions is because they get bogged down doing things that are really just a waste of time. Many people have a hard time making efficient and effective use of their time. Many people struggle when it comes to seeing things through from start to finish, especially when it comes to things they aren’t necessarily “forced” to do like when you’re at work and your boss is watching you.

Things such as reading a book from cover to cover, planning and going on a holiday, spending more time with the kids or just keeping the house clean can end up being things that rarely get accomplished for many people. You need to promise yourself that you will improve yourself this year by getting all the “little things” done that you know you could accomplish if you just stopped wasting time on Facebook or watching too much T.V. Once you begin to get everything done in your life on time, it will automatically reinforce a lot of positivity in your life and this will naturally be reflected in your trading results. I want you to pick maybe 5 core aspects of your life or personality that you want to tweak and improve this year and really work on them. Once you begin to get all these basic / core personality traits and daily habits in-line, your trading will be much more likely to “click” into place and you’ll have a clearer conscious and more motivation.

The secret to becoming a better person and trader is to keep the flow of positive thinking and positive habits going…it can be difficult to get back into the gym regularly or back filling out your trading journal regularly, but it’s simply “getting up on the horse” that is usually the hardest part. Once you get going on the right track you start to develop positive habits, and these habits will reinforce themselves in your brain the more you stick with them, creating confidence and making it more likely that you continue to stay on track and get closer to your trading goals or other life goals.

2) I will stick with my trading method

“In 2013 I am going to stick with price action trading and not deviate from this method.”

Jumping from method to method or system to system is a big reason many traders struggle to make money in the markets. You need to commit to one method this year and stick with it, through the good times and bad. Commit yourself to 12 months of continued study of price action trading, follow the teachings in my trading course and daily commentary and fine-tune your own personal price action trading skill. You need to give it a real crack, even in the face of hardship, account draw downs or low confidence…you have to commit to getting back up on the “horse” and keep going. Every method or system is going to have losing trades…it’s part of trading, you can’t give up every time you have two or three losers in a row.

One proven method that will help you stick to price action trading is to decide to focus on one price action setup at a time and really master it. If you’re a new or struggling price action trader you should read my article from last week on How to Profit with Price Action and follow what I say in it. An excellent New Year’s resolution to get your trading on the right track would be to become a “specialist” of one price action setup at a time. Even if it takes you all of 2013 to accomplish this, you have to ask yourself if that would be an improvement over your 2012 trading performance or not, I’m willing to bet it would be.

3) I will limit my trading screen time to 1 hour per day

“I’m aware that the more I look at my charts the more likely I am to make bad trading decisions”

Most losing traders tend to spend way too much time looking at their charts, trying to find trades and reading economic news. If you take my simplified approach to analyzing and trading the markets with price action on higher time frames, you’ll be able to quickly scan the markets for your price action setups, you’ll save a lot of time and money by not over-trading and hopefully increase your win rate.

Your resolution could be to limit screen time to 1 hour per day, you can divide up that hour however you choose; two 30 minute sessions or four 15 minute sessions, etc. Whilst screen time is essential for learning how to trade, too much of it can be counter-productive afterwards, and spending increasing amounts of time analyzing your charts will eventually “hypnotize” you into finding trades that aren’t really valid instances of your trading edge.

Limiting your screen time like this will eliminate most second-guessing and allow you to make cleaner and crisper trading decisions. It will also leave you more time to do other stuff like spend time with your family or focus more on your day job. It’s ironic that it tends to be the people who spend the least amount of time watching the markets tend to make the most money, at least that’s the feedback I’ve got from dealing with over 8,000 traders since 2008.

4) I will become a “minimalist” thinker

“I will think less, I will analyze less, I will do less in all aspects of my trading; I will aim to keep it simple”

Minimalism is like its own religion for some people; they choose to live as minimalists, while this lifestyle won’t be practical for everyone, we definitely need to trade as minimalists…This includes removing indicators and “clutter” from your charts which only clouds decision making, and generally just taking a “minimalist” approach in all aspects of your trading. We want to abide by a basic set of principles and logic that does not complicate the trading process, price action trading fits that mold perfectly.

I recently wrote an article about my journey of becoming a minimalist in all aspects of my life, and I  actually took the idea from the way that I trade; minimally. It seems as though humans have an innate tendency to over-complicate things, from relationships to trading this seems to be the case. Thus, in 2013 one of your main resolutions should be to become a “minimalist trader”. You can do this by sticking to the simple price action trading strategies that I teach, higher time frame trading, and reducing the amount of time you actually focus on analyzing and trading the markets. This minimalist trading approach is something that dramatically improved my personal trading performance and later my everyday life as I got rid of unnecessary possessions and ‘streamlined’ my life.

5) I will read my daily trading affirmations

“I have written my daily trading affirmations and I will read them to myself each morning and night”

What’s a trading affirmation you ask? I actually wrote a good article on this earlier this year, check it out here: Daily trading affirmations. You might want to use some of the affirmations in that article as well as some of your own and write out your own daily trading affirmations list that you read every day before you trade.

Reading affirmations to yourself each day before you look at the markets can be an excellent way to keep you focused and on-track. A big part of becoming a successful trader is just remembering that trading is a marathon not a sprint, and to act accordingly. It can be very easy to fall off the right track and start “trading like a machine gunner”, so having a daily reminder to yourself of what you need to do to achieve success, can be a big help.

So how do I accomplish my 2013 trading resolutions?

Whilst the title of this article might be “New Year’s” Trading Resolutions, it might have been better to title it “Daily” Trading Resolutions, because let’s face it, a year is a hell of a long time. The above points might seem like a small mountain for you to conquer, but to be honest, you shouldn’t aim to accomplish them all on January 1st. You should take the month of January to get everything ironed out; write down your trading goals, chop them up into bite size pieces that you can easily accomplish and workout all the details of your trading plan. You’ve probably been trading on the back of some very bad habits for the last year or longer, so those bad habits are going to take some time and conscious effort on your behalf to get rid of. You need to map out your trading plan for 2013 in January, take some time over the next month and actually figure out what you need to do to accomplish your trading goals this year. If you’re serious about this article guys, get out a pen and paper and write out a list of “promises” to yourself and sign it, hell laminate the thing and tape it to your bathroom door if you have to…whatever it takes so that you see it and read it every day!

Your longer-term goal of becoming a consistently profitable trader will only be achieved if you do the right things each day, week and month. That means doing all the things we’ve discussed so far like focusing on one setup at a time and really mastering it, recording all trades in your trading journal and generally just being organized and disciplined in your trading approach. Most traders get too overwhelmed with all this stuff and so they sort of jut “give up” before they even get started because it seems easier to just gamble their money in the markets and get lucky. I can promise you that if you just take it one day at a time and work on overcoming  your own temptations of trading when you know you shouldn’t and risking more than you know you should, at year’s end all of those days and months of behaving disciplined and logically will add up to a consistent and profitable year.

Before I sign off today, let me just say it’s been a pleasure writing these articles for all my followers this past year and I sincerely hope I have helped many of you. I look forward to helping you guys even more in 2013 and I’ve got some exciting things planned for members and non-members alike.

nialfuller

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008.
Checkout Nial’s Professional Forex Course here.

Now I want to hear from you! - Click Here to Leave a Comment

91 Comments

  1. Leon says:

    thank you so much you are my coach.

  2. donald robert says:

    dear Nial,
    am very happy to be part of ur training site, since i come across this site my seal to continue in the market develop. I have lost a lot of money in the market bcos not knowing what to do especially moving from low time frame to a high time frame which aloud me to trade with peace of mind. Nial, a gift of gold is expensive, a gift of money is appreciated,but the gift of being alive in this season is priceless. only the living celebrate it, happy new year. God bless you & ur family.

  3. Michal says:

    Great article as always, I have the bathroom door already cluttered with many reminders and now I will add up one more :) Happy New Year to all

  4. Alaa Alhaiki says:

    I have to thank u for more than one year, u teach me HOW I should make a good trading mindset, never ever I see one leader like u, u honestly learn us How to be a positive people before be a professional trader.

    Happy New Year, thanks again and again.
    God will reward u.

  5. Tim says:

    A great article to get me started for the year! Thanks again Nial.. You should run for prime minister this year. :)

  6. JohnnyWebFoot says:

    This is the only Forex “advice” site I consistently return to and actually trust for real world wisdom. Have a great trading year in 2013 :)

  7. arun says:

    thanks a lot nial, now i am very confident and energetic, and realized my responsibilities to design, trade plan, goals, steps to achieve those goals,,really i wont forget you in my lifetime,,thanks a lot, happy new year

  8. s.bala says:

    Excellent article for New Year 2013.
    I have benefit a lot from your articles. Thanks

  9. Tauqeer Khan says:

    Nial always surprise with inspiring articles.

  10. Harold Nelson says:

    Happy New Year to you too Nial,

    Your hard work has not only helped me as a trader but also see myself in a new light. Your articles are a must read for any one struggling with being controlled by emotions. Thanks very much for your articles. I hope you keep it up for many more years. :)

  11. Odwa Mazwi says:

    Hi Nial

    Happy New Year and thank you for everything yo have done for us

  12. Valentin says:

    Dear Nial,
    Another great article like all your work during the entire 2012.
    Thank you for all your efforts and sharings.
    Happy and prosperous New Year!

  13. lloyd Mabheka says:

    Thanks for the article and have very prosperous and may more years to come

  14. GrahamD says:

    HNY Nial,Thank you for your welcome support and advice.

  15. barry kettlewell says:

    Thanks Nial. Perfect reminder for me. I love how you keep reminding us of the basic principles which are so easy to drift away from. Happy new year.

  16. chinedu says:

    truth be told. after reflecting on the past year, i can comfortably say that i was on a one year gambling binge. of course i lost significant amt of money that i had to go back to working at a pizza store i quit years ago. very frustrating but i have learnt my lesson(s). trading is not a get rich quick scheme and it requires a great deal of maturity to succeed in this career.

  17. Brendan says:

    Good inspirational stuff.
    Seasons Greetings

  18. JJozsef says:

    Happy New Year Nial, and for all Price Action Traders !

  19. james b says:

    happy knew year all price action traders

  20. Olatunde ademola says:

    Your consistency of trading principles and psychology are always showing in all your articles!
    YOU ARE STILL D BEST I HAVE EVER COME ACROSS.
    Happy new year in advance.

  21. Gautam says:

    Hi Nial.

    I express my sincere wishes and gratitude for your generous contributions to the community. I hope you continue to carry on with your good work for decades to come.

    Thank you again and have a wonderful New Year 2013!

  22. suraj chavan says:

    Thank you for support me
    HAPPY NEW YEAR 2013 :)

  23. suraj chavan says:

    Thank You for This Great Article
    & Giving This Good Resolutions
    Thank you

  24. Peter Grimes says:

    I will go along with all of that, Happy New Year to NIALL and all budding traders…………….

  25. Eve says:

    Nial, you are really helping me with your aricles. I hope I will get on track and that I could maintain that performance as you.

    I wish you and all oter members who follow you all the best in 2013!***

  26. Pete says:

    “The journey to excellence is a solitery one” quote by Ammie Winehouse when she was 19 in Western Ireland
    This sums perfectly what trading is about and any desire to achieve excellence. Keep it simple keep it constant,use the plan that is already proven to you as one that works. Play the Walmart principle, buy cheap sell dear, that’s it!
    Best wishes to everyone for 2013 and thanks Nial for all you share
    Pete

  27. gary says:

    It is so encouraging to know that we still have people like you in the world. You have been a knowledge base and a source of inspiration to many of us traders. Have a Happy New Year when it comes Nial.

  28. Arif says:

    Thanks Nial. Happy new year to you and your family.

    Thank you.

    Arif

  29. Hans says:

    Hi Nial, I wish you a happy new year. Over a long time I follow you on your website. I must say, for me, the best forex website. I learn to trade the market over 5 years beside my job, without the big success. I want to become a full time trader and so I decided to enter your member zone.
    Thank you

  30. sonny says:

    Great Article from the man himself, Thanks once again for your continued support. Regards to you and the Family for the New year and also to the Trader community.

  31. Mariano Jc says:

    Thank you, it is an interesting article. Happy and prosperous 2013!

  32. rajiv says:

    Thnx Nial
    this ariticle is very unusual and is going to help me out a lot not only in trading as well as in my personal life.

  33. Barry says:

    Have a wonderful New Year. I cannot agree more with you. When it comes to trading “Less is more”

  34. Bobbletog Flartybart says:

    Hi Nial,

    My main resolution for next year is to continue not following the great herd of the 95% of losers. I will follow my own rules and continue to sharpen my trading edge!

    Happy New Year and Good Luck for 2013 Everyone!!

  35. boris says:

    All you are doing worthy of high respect.
    May God and good luck will always be on your side.
    Good health to you and your family.
    Thanks a lot.

    Merry Christmas and Happy New Year!

  36. Joeseph says:

    Your write up have always been helpful to me and have improved my trading tremendously

  37. winny says:

    i am a new memeber .. have a great year …wish you the best 4 you and your family may god protect you all ..

  38. Abner says:

    Awesome! Love it.

  39. Miroslav Kotlar says:

    Thx for your hard work and Happy New Year 2013 Nial :)

  40. Abdullah says:

    thank you very much Nail,Happy new year and good luck in all your future endeavors

  41. Lisa says:

    Wishing you a *Happy New Year*, Nial ╭⊰❀΄՛

  42. Zsolt says:

    Excellent article. I wish you a Happy & Profitable Y2013.

  43. Jose Luis says:

    Very nice article Nial. It’s been a great pleasure to learn and follow you this year. I have learned a lot and look forward to improving my trading skills and to becoming a consistent and profitable trader.

    Happy New Year and all the best today and always.

    Jose L.

  44. Norman says:

    Hi Nial, I have to say that i am lucky to come across your articles in the year of 2012,it does make me to be a better trader and helped me on the way to be a professional trader,always appreciated for your valuable sharings, Happy new year to you and all your family!

  45. slivester says:

    happy new year nial…….

  46. Paul says:

    Happy New Year Nial!!!! All the best :)

  47. KRISTOFA OKENTA says:

    I WANT TO WISH YOU GREATER WISDOM FROM GOD SO YOU CAN CONTINUE TO GIVE US THESE VALUABLE NUGGETS IN 2013.
    MORE BLESSINGS TO YOU AS WELL.

  48. giggs says:

    thanks 4 good articles and happy new year..

  49. george zhou says:

    Very good article, appreciated very much, Nial. Key point is habit, habit and habit. After learning you training course, I found I got a goal to drive for, that helped me not just trading but quality of my life. I can’t find any training course like yours which can get into people’s heart

  50. Babatunde Anthony says:

    Your courses are quite interesting

  51. Surya says:

    Hi Nial,

    It has been a great year of learning. Learnt a lot from your articles and my own experience in the market. Though I am not yet consistently profitable, I have come a long way. From being emotional and stress full , now trading is more relaxed and logical.

    Thanks

  52. John says:

    Hi Nial
    Yet again common sense advice. Your training has made 2012 my first profitable year and wish you and your family all the best for 2013.
    Look forward to a profitable year in 2013 anyone thinking of joining Nial on his course I can say first hand it is worth every penny.

    Happy trading to everyone

  53. Henry says:

    Dear Nial, sorry about my typo! Regarding the trading screen time, I would rather say the 1 hour is just for trading purpose, and more time will be spent on reading, studying or may be looking at historical charts say to reinforce our internal mind recognition of price action patterns!

  54. allan clarke says:

    Once again a truly valuable encouragement given with your usual honesty and deeply appreciated sincerity and to you and yours all the very best for this coming year and the future.

    Thanks Nial
    Allan

  55. Azeem says:

    Thanks Nail. Great article.
    Wishing you Happy New Year!

  56. CorongFX says:

    Your words like a “Mantra” to me, Neil.. Thankyou.. Happy New Year 2013..

  57. PERI says:

    I wish you great progress and good luck in all your future endeavours !

  58. PERI says:

    Excellent article !

  59. John says:

    Thanks for your wisdom in 2012. I look forward to being a professional trader and better overall person in 2013 through your 5 New Year’s Trading Resolutions!

  60. Henry says:

    Thank you Nail for your advice and encouragement. Happy New Year!

  61. carlos pedraza says:

    Thank you Nial, Happy new year!!

  62. Oldie says:

    Hi Nial: I posted a similar comment on an article that I had gone off to forgetting that I was no longer in this one so,as`many traders have said before, another great article & I wish you & yours a happy & safe New Year.
    Cheers Oldie

  63. Waldemar says:

    Thank you very much for your support. It is always plesure to to hear from you. Happy New Year and Profitable Trading !

  64. ET Gan says:

    Hi Nial,

    Good article but how does it tie with the fact that to be really good in a particular field, one has to put in about 10000 hours? To reproduce this section of your article:

    Your resolution could be to limit screen time to 1 hour per day, you can divide up that hour however you choose; two 30 minute sessions or four 15 minute sessions, etc. Whilst screen time is essential for learning how to trade, too much of it can be counter-productive afterwards, and spending increasing amounts of time analyzing your charts will eventually “hypnotize” you into finding trades that aren’t really valid instances of your trading edge.

    Happy New Year

    1. Nial Fuller says:

      ET,
      I don’t believe a person needs 10,000 hours to become a professional. The idea put forward in this article is to avoid over trading and avoid watching the charts all day. A person would likely spend much more time reading/studying a trading method via courses or books etc, that is fine.

  65. Nabs says:

    Thanx Nial – Happy New Year !!

  66. Dave W says:

    Great start to the year with this article Nial, thanks for the encouragement. I know I need to iron out some bad habits and write my plan down. Trading without a plan feels like aimless driving without a destination.

  67. moomings says:

    These words make the most sense of all , and I must have looked at nearly every strategy and method that is out there and I know this to be true, Indicators do not work and price action does work, I follow your daily analysis and it makes ultimate sense and it works, keep up the good work

  68. David berry says:

    Nial

    I respect your candid nature and honesty, thank you for keeping it real.

    David in Houston

  69. lyte says:

    Thanks Nial. One of my goals in 2013 is “have a plan of action or plan to fail”. Its amazing how having a trading journal has helped me be accountable.This has crossed over into my personal life with writing down my goals and constructing a plan. It continues to simplify and redefine my own challenges and through result I am able to keep going. All your contributions and the articles you write is appreciated and look forward to your continued support next year.

  70. jasper says:

    It’s about doing the things we have to do in order to become the person we want to become

  71. Ralph says:

    Thank You Nial for your help I wiil do my best to follow your all your traing. I am looking forward to 2013 trading, and I also wish you and your family a happy new year.

  72. florina says:

    Namaste from India

    Respected Nial Sir,

    For your thoughtfulness and generosity, from you I have learned much of trading philosophy
    I appreciate you, and I wish you well on your journey!
    Happy New Year to my trading guru.
    – Thank you sincerely.

  73. Steve West says:

    Great article again Nial, good reading !!

  74. Swede says:

    I feel a bit sheepish having such priceless articles on trading and life coming to me free of charge. It has opened my eyes to trading opportunities that where never considered in the past….Many thanks!

    ps: looking forward to joining LTTTM in 2013

  75. AMIN MALIK says:

    NIAL, Thank you so much for your candid help all-along. we remain so obliged to you. Wish you and your Family and all the traders” HAPPY & PROSPEROUS NEW YEAR”

    With best of REGARDS, AMIN MALIK

  76. Sanu says:

    Thanks Nial for all of your articles and helps. This is a nice article indeed.

    Wishing you a safe happy new year.

  77. ERIKA says:

    Well-outlined and eazy to follow.
    Thank you!!

  78. Anthony says:

    God bless u Nial! It’s great what you’re doing here! I do hope I get to finally master this trading style but for now everything learnt here has been worthwhile so far! Thanks! And I cant say that enough! Wish u and everyone here a wonderful new year!

  79. Safwan says:

    Hi Nial,

    Thanks for sharing your knowledge and wisdom in forex trading. This is so far the best forex website I’ve ever come across for the last 7 years in my trading world.

    Happy New Year Nial :)

  80. Ivan Yeo says:

    Thanks Nial, wishing you a Happy New Year.

    Warmest regards,
    Ivan

  81. kamal says:

    Thanks Nial, For Your Help, Happy New Year to You and Your Team.Congratulation to Your Work and Future…

  82. catalin says:

    Your articles and webpage has helped me a lot after struggling in the markets for a while. Now I follow your rules and guidelines to the letter and things are looking a lot better.
    I want to thank you for your work and wish you a better year than 2012.
    Best regards,
    Catalin

  83. Richard says:

    Hi Nial,
    Thanks for your work and site, very helpful for newbies.
    Happy new Year to Ya.

  84. Tariq Farooq Babar says:

    Nial! God bless u along with your family and bestow us courage to follow this beautiful article.

  85. Sachith says:

    Happy New Year Nial sir.

  86. James says:

    Thank you for all your amazing articles from 2012, they are a great source of information and wisdom, and I have learnt a great deal from them they are priceless. I will look forward to what 2013 has in store at LTTTM. Happy New year to Nial, Coach, King, and all other members and followers and good trading. James

  87. grant says:

    Great article nial. Thanks for all your articles and info over the year.

    All the best.

    Grant

  88. Vartik says:

    Happy New Year Nial!!!!

  89. trader csc says:

    Great Article Nial !!!

  90. balaa11 says:

    Thanks for all the work during the year and this is the best website to learn to become a successful trader and the holy grail is in our minds.Working on to get to a level of “unconscious competence”.

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