What are most useful trading tips you have heard so far?
Today, I am going to share with you 10 important trading lessons which market taught me after years of experience and I wish these tips to help you in your future trades :
1. We should Only do trading whenever we can obey all the following items or we had better leave trading forever.
2. Never enter into a stressful trade. This means you have to set you stop loss and calculate you target before executing a trade and possible loss should be small enough that you can tolerate.
3. If you feel to need to sit behind your laptop or PC to monitor and check your trade after opening a position, you are entering into a wrong one !. Do not open it.
4. Doing an analysis in relax and comfortable condition is necessary before any trade. Opening a position without " an already done analysis " is a great mistake ! .
5. Running an immediate analysis when market has strong momentum and trading based on that is very risky. Try to avoid such trades.
6. Never fade the gain of a good trade with a loss of a bad one. Good here means trading based on pre-defined strategy and bad means throwing it away .
7. Using leverages can be dangerous as much as it can be fascinating.
8. Only use leverages when all elements of your trading strategy are present.
9. Stick to your Stop loss and Take profit which you set and calculated outside of any market excitation.
10. Being optimistic and over pessimistic is forbidden. Trading is all about being realistic.
please share your own experiences as comments. I am eager to learn from you my friends.
Good luck.
Today, I am going to share with you 10 important trading lessons which market taught me after years of experience and I wish these tips to help you in your future trades :
1. We should Only do trading whenever we can obey all the following items or we had better leave trading forever.
2. Never enter into a stressful trade. This means you have to set you stop loss and calculate you target before executing a trade and possible loss should be small enough that you can tolerate.
3. If you feel to need to sit behind your laptop or PC to monitor and check your trade after opening a position, you are entering into a wrong one !. Do not open it.
4. Doing an analysis in relax and comfortable condition is necessary before any trade. Opening a position without " an already done analysis " is a great mistake ! .
5. Running an immediate analysis when market has strong momentum and trading based on that is very risky. Try to avoid such trades.
6. Never fade the gain of a good trade with a loss of a bad one. Good here means trading based on pre-defined strategy and bad means throwing it away .
7. Using leverages can be dangerous as much as it can be fascinating.
8. Only use leverages when all elements of your trading strategy are present.
9. Stick to your Stop loss and Take profit which you set and calculated outside of any market excitation.
10. Being optimistic and over pessimistic is forbidden. Trading is all about being realistic.
please share your own experiences as comments. I am eager to learn from you my friends.
Good luck.
