Natalie.Gin
Long

5 Tips That Will Help You Survive As A Day Trader:

FX:EURUSD   Euro Fx/U.S. Dollar
1:Losing Streaks:

The brain does not like repetitive losing.
Be sure to stop trading after 3 losing trades in a raw!

2: Create a trading plan and stick to it.

Successful traders have a plan and they trade nothing but the plan!

3:Manage your mood:

If you are ill, cranky, depressed, or sad, STAY AWAY FROM TRADING!.

4: Keep detailed records:

A trading log with self-assessments of your trading performance will pay dividends very quickly.
knowledge is power!

5:Have adequate risk capital.

Your trading capital should not consist of money you need to pay bills             or money that you have committed to other investments like your home or retirement funds.
Really Appreciate your suggestions.
+1 Reply
Thank you for your post.
I would also add: "Never trade money you can't afford to loose"
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Rule 1... I'm sorry but this is poor advise. If the 4th trade is the elephant in the room that you miss then your expectancy is skewed. You never know when your streaks will end. Cannot time them based on your emotions. To counter your suggestion for rule 1, I'd consider employing less risk as you consistently lose until you streak ends. Otherwise, good advice.
+2 Reply
Stop trading after 3 losses is not a good advice. Keep trading your plan after 3 losses is a better one.
+1 Reply
Incredible!!! Great chart!
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well said and properly explained.
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lol.
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Nice Suggestions..will help me a lot..can u give one trading plan ? i write long mail to you but I just sign up so i can't send it before 5 hours..so i think I should comment..
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Comments on point 03: If you plan to manage your emotions instead of your trades, STOP TRADING. If you plan to work around your emotions instead and manage your trades only, START TRADING!
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Thank You. Now it's the time to showcase the rules in the chart with Live account :). Please Share
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That is a good advice
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Brilliant, thank you!
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Female traders tend to know better than male traders. No Ego.
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Natalie.Gin TheBlanco951
hahaha I wish!
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TheBlanco951 Natalie.Gin
Are you a rockstar trader?
+1 Reply
Natalie.Gin TheBlanco951
for sure!
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very useful
for new traders.
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