Apr 23 2019 at 08:11
Atchris posted:
1. test fresh strategies on demo
2. trade with stop loss
3.never follow the crowd blindly.
Good rules these
Apr 23 2019 at 08:12
FMovingAverage posted:Atchris posted:
1. test fresh strategies on demo
2. trade with stop loss
3.never follow the crowd blindly.
The last point is so important! So many (beginners especially) want to know every little detail of other people's successful trades.
Exactly!!!!
Apr 23 2019 at 08:12
Wreeves posted:
1 - Don't revenge trade.
2- Proper risk management
3- Test new strategies for 1month and if fails then move on to the next one
Great rules here also!!!
Apr 24 2019 at 06:55
ScottyCarsonMVP posted:Wreeves posted:
1 - Don't revenge trade.
2- Proper risk management
3- Test new strategies for 1month and if fails then move on to the next one
Great rules here also!!!
I agree with point1 & 2 but 1 month is very short period to reject a strategy if strategy is profitable over long period(say 10years) of backtesting.
The market will trade through it’s path of least resistance .
Apr 24 2019 at 07:06
My number one golden rule is Money Management. Never bet more than what I can afford to lose.
Apr 25 2019 at 10:00
Dont be greedy, take loss when needed
Slow but Profiting
Apr 28 2019 at 11:13
LongVision posted:ScottyCarsonMVP posted:Wreeves posted:
1 - Don't revenge trade.
2- Proper risk management
3- Test new strategies for 1month and if fails then move on to the next one
Great rules here also!!!
I agree with point1 & 2 but 1 month is very short period to reject a strategy if strategy is profitable over long period(say 10years) of backtesting.
What timescale what you recommend instead? Or can this not be answered?
Apr 28 2019 at 11:13
wolfmancreek posted:
My number one golden rule is Money Management. Never bet more than what I can afford to lose.
Classic rule!
Apr 28 2019 at 11:13
Hedgefunderpro posted:
Dont be greedy, take loss when needed
Thank you
