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In trading everyone should have some rules
Membro Desde Jul 20, 2020
298 posts
Membro Desde Jan 22, 2021
125 posts
Feb 24, 2021 at 11:08
Membro Desde Jan 22, 2021
125 posts
Ofcourse! The financial goals and risk taking capacity of each trader is different and so are the rules. For example, for the risk management part, every trader should work on analysing the amount of risk he can take and then try to trade in that limit.
Feb 24, 2021 at 15:53
Membro Desde Feb 07, 2015
25 posts
UweMoench posted:Rules/strategy is essential.
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.
It is the only way to accurately benchmark your decision making process and allow yourself to see 'where you went wrong' - without it, you're wasting your time.
Sam.peters@
Membro Desde Dec 18, 2020
35 posts
Membro Desde Jul 23, 2020
759 posts
Apr 05, 2021 at 14:01
Membro Desde Jul 23, 2020
759 posts
Dictiony posted:Traders also need a profitable trading strategy to make consistent profits and survive in the market.
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.
Apr 05, 2021 at 15:31
Membro Desde Jul 19, 2020
788 posts
Dictiony posted:Yes, that's right. It is impossible to be a professional trader without an idea of the basics.
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.
May 12, 2021 at 08:31
Membro Desde Dec 28, 2020
187 posts
Dictiony posted:Totally agree, to become a profitable trader you would need to follow basic rules and create your well defined strategy.
Completly agree, if you want to be a successful trader then you always need to learn the basics and follow the rules of trading.
Membro Desde Apr 14, 2021
9 posts
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Nov 09, 2021 at 10:10
Membro Desde Apr 09, 2019
538 posts
100%. Trading randomly will get you random results that you can't draw any conclusions from. Having some rules means you have areas you can tweak if needed while controlling the other areas. This is how to make progress.
If you can't spot the liquidity then you are the liquidity.
Membro Desde Nov 01, 2021
9 posts
Nov 11, 2021 at 05:57
Membro Desde Nov 02, 2021
73 posts
Rules are there to help you and prevent you from unnecessary losses.
There are four key rules of trading:
1. Don't trade without stop loss (money management)
2. Trade with the trend (price action)
3. Use a trading plan (plan your trades)
4. Follow the rules (risk management)
There are four key rules of trading:
1. Don't trade without stop loss (money management)
2. Trade with the trend (price action)
3. Use a trading plan (plan your trades)
4. Follow the rules (risk management)
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