i would love to share some tips which i discover while browsing the net:
1. you must have a stop loss policy. practice at sticking at it.
2. you must have a trading plan/system.
3. trade with the trend.
4. learn not to trade. a day of no trade is better than loosing one.
5. don’t set false targets and expectations.
6. cut your losses quickly if the market is against you. look at the profits as numbers not as currency. it helps!
7. try hard not to get out of profitable trades too early. use the trailing stop loss.
8. learn and understand how to use pivot points.
9. do not over trade your account. never risk wiping out your account because believe me, it can happen. i’ve done it twice!!
10. learn about fibonacci.
11. keep your trading system simple.
12. always think in terms of probabilities. don’t expect not to have negative trades, they are part of the plan. live by it.
13. ensure that the candle is fully formed on the time frame you are trading before you enter your trade. trade what you see, not what you would like to see.
practice, practice and more practice!!
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