What Are Your Golden Rules?

Feb 11, 2019 at 11:42
Przeglądane 3,889
73 Replies
Uczestnik z Feb 10, 2019   54 postów
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
Uczestnik z Feb 10, 2019   54 postów
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!!!!
Uczestnik z Feb 10, 2019   54 postów
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!!!
Uczestnik z Apr 06, 2018   254 postów
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 .
Uczestnik z Apr 23, 2019   6 postów
Apr 24, 2019 at 07:06
My number one golden rule is Money Management. Never bet more than what I can afford to lose.
Uczestnik z Apr 09, 2019   24 postów
Apr 25, 2019 at 10:00
Dont be greedy, take loss when needed
Slow but Profiting
Uczestnik z Feb 10, 2019   54 postów
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?
Uczestnik z Feb 10, 2019   54 postów
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!
Uczestnik z Feb 10, 2019   54 postów
Apr 28, 2019 at 11:13
Hedgefunderpro posted:
Dont be greedy, take loss when needed

Thank you
Uczestnik z Apr 29, 2019   9 postów
Apr 30, 2019 at 08:26
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
Uczestnik z Apr 06, 2018   254 postów
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 .
Uczestnik z Oct 20, 2018   300 postów
May 19, 2019 at 10:08
My main rule is to not risk what I can`t afford to lose.
momchil_slavov@
Uczestnik z May 09, 2019   15 postów
May 21, 2019 at 06:07
My unparalleled standard! Hazard the board, deal with your hazard and you won't come up short.
Uczestnik z May 09, 2019   15 postów
May 22, 2019 at 05:44
Dont be ravenous, assume misfortune when required
Uczestnik z Apr 23, 2019   32 postów
May 23, 2019 at 04:31
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.
Uczestnik z Jun 29, 2019   65 postów
Aug 04, 2019 at 01:36
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.
Uczestnik z Jan 05, 2016   1189 postów
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.
Uczestnik z Jul 09, 2019   33 postów
Aug 05, 2019 at 07:00
My golden rule is to trade without emotions and greed.
Uczestnik z Aug 05, 2019   50 postów
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.
Uczestnik z Aug 16, 2019   11 postów
Aug 16, 2019 at 09:30
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
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