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
Atchris posted:
1. test fresh strategies on demo
2. trade with stop loss
3.never follow the crowd blindly.
great rules man! i follow somewhat the same
May 01 2019 at 08:12
ScottyCarsonMVP posted: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?
1 year with very low risk per trade(say 0.25%).
The market will trade through it’s path of least resistance .
My unparalleled standard! Hazard the board, deal with your hazard and you won't come up short.
Dont be ravenous, assume misfortune when required
The Golden Rule is the principle of treating others as one's self would wish to be treated. It is a maxim that is found in many religions and cultures. The Golden Rule can be considered an ethic of reciprocity in some religions, although other religions treat it differently.
My rules for achieving a profitable trading voyage is the successful utilization of funds with the proper monitoring of risks. I won't simply put my funds at hazards any moment. Rather I prefer to wait for the time pattern to be well organized so that after proper analysis i can make the best decisions for my funds.
Aug 04 2019 at 04:16
ScottyCarsonMVP posted:
What timescale what you recommend instead? Or can this not be answered?
Multiple time frame analysis
If it looks too good to be true, it's probably a scam! Let the buyer beware.
My golden rule is to trade without emotions and greed.
Aug 16 2019 at 07:48
Before trading, proper research should be undertaken which is hardly done. Investors generally go by the name of the company which is not the right way to put your money into the forex market. So, informed decision making is important.
Professional4X posted:ScottyCarsonMVP posted:
What timescale what you recommend instead? Or can this not be answered?
Multiple time frame analysis
For me that was the golden rule that really made a difference to my trading. All the other 'golden rules' are obvious but this one really changed my success rate
