Trading rules which are better broken!

Oh rule with leverage doesn't work for me too. Or I am a risky guy. lmao.
But the most broken rule I believe is
put SL to save your money.

Leverage can really make or break you. A lot of experts stick with around 1:100 leverage, even though they can afford to risk more if they want to. It isn't going to kill their account. I think it's smart not to break that rule - always be careful.

Technical analysis is quite handier than fundamental analysis because only platform analysis is required in technical analysis.

I feel one should only operate when they know that this market works by logic and not by risk.

blixtpiece posted:

WhiteWitcher posted:
Oh rule with leverage doesn't work for me too. Or I am a risky guy. lmao.
But the most broken rule I believe is
put SL to save your money.

That’s true, using SL and TP puts traders in a shell. Sometimes the fun is in the unpredictability, but those who add SL and TP never get to enjoy that.

Oh that's right. I'm not one of those people who likes to box themselves in. Therefore, I prefer to trade without using stop loss.
P.S. The main thing is not to go to the shower until the order is closed. lmao.

In my opinion, trading with wise leverage rule is better to be broken.

Masticate posted:
I don’t think any rule should be broken. These rules are created for a reason. I think maintaining trading psychology is the most important aspect in trading that requires real effort.

Oh a lot of things were always made up for something. But you can come up with anything, and at the same time be absolutely useless. lol.