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In trading everyone should have some rules

violatubawhirl
May 12 2021 at 11:11
posts 9
I prefer to use other traders strategies. I tried to build my own but none worked. Now I use other peoples knowledge to help me trade

lovefortrading (perryjohn765)
May 13 2021 at 10:33
posts 238
I dont think rule is the right word. Once needs to focus on his/her strength. When it is followed you can do wonders mixing it with discipline.

Jude_craig
May 13 2021 at 11:52
posts 81
Its okay to have some rules. Those aren't rules that would apply to everyone and anyone. But things that work for an individual. I do feel its important to establish and define what works for you and give them the name of rules.

Dimitris (ZzzzzzzZ)
May 14 2021 at 08:10
posts 6
Ima think of course you need to have rules. How can you trade without any rules?? Ima can't believe in it. lmao.

Ima do what Ima want to
lavis_book
May 14 2021 at 08:49
posts 38
Everything that you face in life always come with rules and that is how we are able to survive and exist.
Same thing can be said to forex trading or trading in general.

Hrenz
May 14 2021 at 09:43
posts 38
In every area of life and in every area of work, there are certain rules that you need to adhere to if you want development.

RobSchiz
Sep 08 2021 at 09:21
posts 567
Hrenz posted:
In every area of life and in every area of work, there are certain rules that you need to adhere to if you want development.

Yes. A systematic movement can make you successful in every sphere of life.

Unellene
Sep 08 2021 at 12:13
posts 283
such personal rules should be not only in trading, but also in life in general, this is the only way to achieve something

RobertFerrari
Oct 26 2021 at 19:05
posts 375
Jude_craig posted:
Its okay to have some rules. Those aren't rules that would apply to everyone and anyone. But things that work for an individual. I do feel its important to establish and define what works for you and give them the name of rules.

A proper plan is necessary to make a good trading career in this market.

Tradextol
Nov 09 2021 at 04:43
posts 57
Yes, rules are important in trading to minimise risks. Your rules should be incorporated as your risk management strategy.

Seb King (sebking1986)
Nov 09 2021 at 10:10
posts 371
100%. Trading randomly will get you random results that you can't draw any conclusions from. Having some rules means you have areas you can tweak if needed while controlling the other areas. This is how to make progress.

If you can't spot the liquidity then you are the liquidity.
menorah111
Nov 09 2021 at 11:42
posts 9
I like to have 100% rules. If one of my rules is not met then no trade. This has kept me out of bad trades

GraceGilm
Nov 09 2021 at 14:16
posts 154
personal rules should be not only in trading, but also in other activities in life

croisssan
Nov 09 2021 at 14:22
posts 939
This is actually very important. Otherwise, you can make not the most correct decisions in the process of work.

shortant
Nov 11 2021 at 05:57
posts 73
Rules are there to help you and prevent you from unnecessary losses.
There are four key rules of trading:
1. Don't trade without stop loss (money management)
2. Trade with the trend (price action)
3. Use a trading plan (plan your trades)
4. Follow the rules (risk management)

RobSchiz
Nov 12 2021 at 05:11
posts 567
shortant posted:
Rules are there to help you and prevent you from unnecessary losses.
There are four key rules of trading:
1. Don't trade without stop loss (money management)
2. Trade with the trend (price action)
3. Use a trading plan (plan your trades)
4. Follow the rules (risk management)

I agree with you.

Fordrerne
Nov 12 2021 at 11:23
posts 23
I got used to think that there are two main categories of rules: those rules which are general for everybody and those rules which are individual. For example, if we speak about general rules then they sound like: keep patience, never rush, think wise and learn properly. As for invdidual rules, then traders either have them or not. Everybo decides by himsel/fherself whether you create a special system of rules or not. I ted to suppose that traders must create these rules, so for me, they are: never think that you can cheat on the market, never touch high leverages and work properly on your strategy. You can also ue my rules if it adds confidence to you.

TraderIvana
Nov 13 2021 at 09:48
posts 34
shortant posted:
Rules are there to help you and prevent you from unnecessary losses.
There are four key rules of trading:
1. Don't trade without stop loss (money management)
2. Trade with the trend (price action)
3. Use a trading plan (plan your trades)
4. Follow the rules (risk management)

Agree with all these pointers. I'd like to add one more : Always backtest your strategy.


croisssan
Nov 13 2021 at 19:53
posts 939
This is just a must. There is no other way in trading.

skihav
Nov 14 2021 at 09:41
posts 801
You just have to understand yourself that this will allow you to better understand what to do in certain moments, and thanks to this - to make a profit.

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