Natalie.Gin
Long

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

FX:EURUSD   Euro / 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.

Comments

Female traders tend to know better than male traders. No Ego.
+2 Reply
Natalie.Gin TheBlanco951
hahaha I wish!
Reply
TheBlanco951 Natalie.Gin
Are you a rockstar trader?
+1 Reply
Natalie.Gin TheBlanco951
for sure!
+1 Reply
hatmysmyh Natalie.Gin
Reply
wassioudjima333 TheBlanco951
@TheBlanco951, really?
Reply
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
very useful
for new traders.
+1 Reply
Stop trading after 3 losses is not a good advice. Keep trading your plan after 3 losses is a better one.
+1 Reply
Really Appreciate your suggestions.
+1 Reply
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