Key to become consistently profitable trader is to be patience and discipline
Don't ever bend the rules thinking it will work just as well. it won't
Don't be greedy. No matter how good the trade setup looks, stick to your rules and your predetermined order size.
Trading can get boring, there are many times when nothing is happening in the market. Have patience and wait for the best setups.
No matter what strategy you use, you will always have bad trades from time to time. Don't let your emotions cloud your judgement. Take the loss and move on.
Every loss should be a lesson to learn from. study what happened, identify what mistake you've made, journal it down and try not to do it again.
There are times where you didn't do anything wrong but still suffer a small loss. This is part of trading, don't try to explain what cannot be explained.
The market makes random moves occasionally. If the strategy is not bad, don't change it, stick to it and always manage your risk.
ALWAYS MANAGE YOUR RISK
Don't ever bend the rules thinking it will work just as well. it won't
Don't be greedy. No matter how good the trade setup looks, stick to your rules and your predetermined order size.
Trading can get boring, there are many times when nothing is happening in the market. Have patience and wait for the best setups.
No matter what strategy you use, you will always have bad trades from time to time. Don't let your emotions cloud your judgement. Take the loss and move on.
Every loss should be a lesson to learn from. study what happened, identify what mistake you've made, journal it down and try not to do it again.
There are times where you didn't do anything wrong but still suffer a small loss. This is part of trading, don't try to explain what cannot be explained.
The market makes random moves occasionally. If the strategy is not bad, don't change it, stick to it and always manage your risk.
ALWAYS MANAGE YOUR RISK