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 :)
Dec 08 2019 at 18:03
Miralas posted:Stone cold Miralas. 😉 Just a joke but you`re damn right.
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 :)
Dec 09 2019 at 19:06
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.
Dec 11 2019 at 09:47
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...
Keep trading but don’t trade if making 3 losses in row...
Dec 12 2019 at 16:24
Teejy88 posted:RISK MANAGEMENT IS KEY without it you cant expect an ounce of successAbderrahmane1992 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.
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.
Dec 14 2019 at 08:40
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.
golden rule: you can lose everything =)
there are others:
- MM
- ST and TP
- trading diary
there are others:
- MM
- ST and TP
- trading diary
Aug 28 2021 at 15:59
For me, the most important thing is right - not to take debts for trading.
Aug 29 2021 at 07:09
Another important thing is not to be self-confident that you are doing better than others.
Aug 29 2021 at 08:10
I would advise you never to borrow money for trading. In my opinion, this is a really important rule.
Aug 31 2021 at 13:51
never give up, no matter how bad the situation is
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.
Nov 13 2021 at 19:45
The most important rule for me is not to work without experience. More often than not, this experience will be too expensive.
Feb 05 2022 at 12:38
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.
I try not to base my trading decisions on one timeframe only. I try to take into account all timeframes.
Feb 06 2022 at 11:36
Sometimes I often remind myself that I need to work out my actions on a demo account first.
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.
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.
Feb 18 2022 at 13:37
Be careful and avoid big losses. I think these aspects are quite important.
Feb 20 2022 at 12:50
gbwillym posted:That`s why you never risk what you can`t afford to lose.
golden rule: you can lose everything =)
there are others:
- MM
- ST and TP
- trading diary
Feb 20 2022 at 19:26
For me, the most important aspects are not to rush and weigh the correctness of my decisions.
