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In trading everyone should have some rules
Dec 20, 2020 at 09:07
Anggota Sejak Jul 19, 2020
751 pos
In trading everyone should have some rules. And you have to stick to those rules. Like there should have been a fixed risk reward ratio. It could be 1:1 or 1:2 according to your strategy. When you have risk reward ratio, you will open trade if the criteria is met. Sometimes we may need to take instant decision depending on the market situation. But rules should be there. That's the reason discipline is the key to success here.
Anggota Sejak Jul 23, 2020
869 pos
Anggota Sejak Jan 11, 2019
147 pos
Dec 21, 2020 at 11:09
Anggota Sejak Jul 19, 2020
298 pos
Trade management is very important. You have to be disciplined and organized in your trading. A solid trading plan, money management, risk management, and risk reward ratio all should have been specified. One of the reasons Most traders fail because they are not disciplined in their trading.
Dec 22, 2020 at 07:26
Anggota Sejak Apr 15, 2020
219 pos
Yes, in trading everyone should have some rules and their own strategies in order to have regular gains. One should follow their rules and strategy and take decisions accordingly. Following these rules manages your emotions and discipline.
The more your practice, the more you learn.
Dec 30, 2020 at 09:41
Anggota Sejak Jul 19, 2020
298 pos
Two things I have learned that we should not do. One is revenge trading. After a loss trade, to open many trades to recover it quickly. Second is not waiting enough to set up to come. It means sometimes I open trade to early in fear of losing an opportunity.
Anggota Sejak Jul 20, 2020
399 pos
Jan 15, 2021 at 12:57
Anggota Sejak Jul 20, 2020
399 pos
UweMoench posted:
In trading everyone should have some rules. And you have to stick to those rules. Like there should have been a fixed risk reward ratio. It could be 1:1 or 1:2 according to your strategy. When you have risk reward ratio, you will open trade if the criteria is met. Sometimes we may need to take instant decision depending on the market situation. But rules should be there. That's the reason discipline is the key to success here.
Totally agree, if you have rules and follow them youre a long way to being successful
Anggota Sejak Oct 01, 2020
49 pos
Jan 16, 2021 at 12:54
Anggota Sejak Oct 01, 2020
49 pos
Many novice traders think that the brokers are the key to profit but that is not the case. When I read about the trading experiences of the other traders from social trading brokers such as etoro I made rules from their experience, because I didn't want to make the same mistakes. I made a solid trading plan which I use for trading on fxview now. I follow everything to the T - entry, exit, stop loss, profits, etc.
Anggota Sejak Jul 23, 2020
869 pos
Jan 16, 2021 at 17:37
Anggota Sejak Jul 23, 2020
869 pos
AliaDare posted:True. Practice makes a man perfect. So, practice those rules as much as possible.
Of course, there are some rules in trading that every trader should follow. If you can't maintain discipline, plan money management, risk management, etc., it is never possible to follow those rules.
Jan 18, 2021 at 16:11
Anggota Sejak Dec 20, 2019
20 pos
There are a huge number of work formats on the market, and you can choose any of them and act quite effectively. The most important thing here is to take your time and try to evaluate each decision as carefully and accurately as possible.
Anggota Sejak Jul 23, 2020
869 pos
Anggota Sejak Jul 20, 2020
341 pos
Feb 02, 2021 at 09:57
Anggota Sejak Jan 21, 2021
48 pos
Rules in trading are must for everyone and following those rules is more important than that. I also have my own trading rules, listing here some of them
· I risk only what I can afford
· I always use stop loss
· Keep close eye on headlines
· Learning daily about market through various books and articles
· I never trade without a plan or strategy.
· I risk only what I can afford
· I always use stop loss
· Keep close eye on headlines
· Learning daily about market through various books and articles
· I never trade without a plan or strategy.
Anggota Sejak Feb 04, 2021
35 pos
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