May 12 2021 at 11:11
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
May 13 2021 at 10:33
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.
May 13 2021 at 11:52
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.
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
May 14 2021 at 08:49
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.
Same thing can be said to forex trading or trading in general.
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.
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.
such personal rules should be not only in trading, but also in life in general, this is the only way to achieve something
Oct 26 2021 at 19:05
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.
Yes, rules are important in trading to minimise risks. Your rules should be incorporated as your risk management strategy.
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.
Nov 09 2021 at 11:42
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
personal rules should be not only in trading, but also in other activities in life
This is actually very important. Otherwise, you can make not the most correct decisions in the process of work.
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)
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)
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.
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.
Nov 13 2021 at 09:48
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.
This is just a must. There is no other way in trading.
