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What Are Your Golden Rules?

Miralas
Dec 02 2019 at 18:42
posts 18
My golden rule is to always keep calm. No matter what, I always think that it doesn't matter. This relly help, as I don't worry about fails and don't lose mind if I'm winning. That's the best way to be a good trader I think :)

momo3HC
Dec 08 2019 at 18:03
posts 267
Miralas posted:
My golden rule is to always keep calm. No matter what, I always think that it doesn't matter. This relly help, as I don't worry about fails and don't lose mind if I'm winning. That's the best way to be a good trader I think :)

Stone cold Miralas. 😉 Just a joke but you`re damn right.

Darkwarden
Dec 09 2019 at 19:06
posts 26
The most important rule, which always helps in trading, is to keep statistics. And it is necessary to record not only profit and achievements, but also assets that have been used today, strategies, time, failures and so on. Maybe it sounds too difficult, but just when I started to adhere to such a system, success and stability came to my trading. And to be honest, I am ready to spend a lot of time on it, the main thing is to make money. By the way, as far as I know, a lot of traders also control the statistics in order to analyze the periods when it turns out better and when it turns out worse.

feelsofine
Dec 11 2019 at 09:47
posts 57
Trading in demo to learn more about strategy..and keeping record of those.
Keep trading but don’t trade if making 3 losses in row...

Adam Cantor (AdamCantor)
Dec 12 2019 at 16:24
posts 98
Teejy88 posted:
Abderrahmane1992 posted:
Teejy88 posted:
My one and only rule! Risk management, manage your risk and you will not fail.


I second that. Risk understanding is critical to trading. Without that even a good trader will lose all their money


Indeed, and not only that, it means that you can lose trades and still be profitable.
RISK MANAGEMENT IS KEY without it you cant expect an ounce of success

uxStyle
Dec 12 2019 at 18:48
posts 32
The golden rule is to keep calm and never let emotions to overshadow logic and your thinking. If that will happen, you are likely to lose a lot, so emotions is your number one enemy.

Roberto21
Dec 14 2019 at 08:40
posts 364
the golden rule is always remain cool wherever is going on trading negative or positive. but in practical its really difficult , only strong mind people can do it with successfully.

gbwillym
Aug 28 2021 at 15:35
posts 5
golden rule: you can lose everything =)

there are others:
- MM
- ST and TP
- trading diary

croisssan
Aug 28 2021 at 15:59
posts 939
For me, the most important thing is right - not to take debts for trading.

Stonesong
Aug 29 2021 at 07:09
posts 128
Another important thing is not to be self-confident that you are doing better than others.

croisssan
Aug 29 2021 at 08:10
posts 939
I would advise you never to borrow money for trading. In my opinion, this is a really important rule.

Unellene
Aug 31 2021 at 13:51
posts 283
never give up, no matter how bad the situation is

Gririns
Nov 13 2021 at 15:12
posts 8
I think that the main rules for me are: never rushing, always try to do your best, always make wise moves, never let your emotions get you down. This list is pretty vast, there are some other rules which aren;t major but I also should comply with them in order to become successful in trading activity. For example, comply with risk management and money management practices, even if you see that you earn a very little amount of money like couple of dollars per day, don't be disappointed. Everythng comes with experience and the amount of time which you dedicate to trading. That's why the main rule is never rushing, because rushing literally destroy you as a trader.

croisssan
Nov 13 2021 at 19:45
posts 939
The most important rule for me is not to work without experience. More often than not, this experience will be too expensive.

DarKenshill
Feb 05 at 12:38
posts 9
My golden rule is to be patient all the time. I try not to make trading decisions in a hurry. It’s advisable to think twice before opening a trade.
I try not to base my trading decisions on one timeframe only. I try to take into account all timeframes.

croisssan
Feb 06 at 11:36
posts 939
Sometimes I often remind myself that I need to work out my actions on a demo account first.

Nakedize
Feb 18 at 04:34
posts 38
Some of the golden rules of trading that I follow-

1) Do not risk more than you can afford to lose
2) Do not risk more than 5% per trade
3) Learn to minimise risk
4) Always have a trading plan and follow it
5) Learn to control emotions
6) Never stop learning and always backtest your strategies.

skihav
Feb 18 at 13:37
posts 801
Be careful and avoid big losses. I think these aspects are quite important.

momo3HC
Feb 20 at 12:50
posts 267
gbwillym posted:
golden rule: you can lose everything =)

there are others:
- MM
- ST and TP
- trading diary

That`s why you never risk what you can`t afford to lose.

skihav
Feb 20 at 19:26
posts 801
For me, the most important aspects are not to rush and weigh the correctness of my decisions.

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