tntsunrise
Education

SOME WORDS FOR NEW TRADERS:

FX:SPX500   S&P 500 Index
SOME WORDS FOR NEW TRADERS:
1. Learn from the Ideas in tradingview, pay attention to trading logic (why did this author want to long/short? )
2. if you can not understand the idea, or u disagree the idea, then dun trade it.
3. if you want to trade based the author's idea, make sure u make a very detail trading plan for yourself. the entry, the stop loss, the profit taking level.
4. per trade pls dun risk more than 2% of ur account balance. i.e. u have 10k account, each trade's max loss should be 200. then u use this formular.
lot size = 200 / (( Entry - stoploss)*pip value) ,
for example, entry - stoploss is 10 pips, per pips value is 10 usd. so 200/ (10*10)= 2 lot.
5. dun trade without a plan.
6. dun trade too many pairs at same time. 3 will be enough.
7. check economy calander
8. dun be greedy so that u always buying high.
9. dun be panic so that u sell low.
10. learn some trading skills and dun treat trading like a mouse-clicking game, one click u buy ,one click u sell, u really think trading is that simple?
11. prepare a trading log for yourself, record down ur thouhts and ur progress every day.
12. focus on doing right thing, not focus on making money.
13. reward/risk ratio should be at least more than 2:1
14. stay calm, dun be emotional.
15. plan your trade and trade your plan.

GOOD LUCK, HAPPY TRADING.
JACK ZHANG
Comment: Glad to see a lot of response. Where there is a will, there is a way!
Thank you for these reminders :)
Reply
very enlightening..thank you tnt..you have helped me improve as a trader
Reply
@reefque, GREAT
+1 Reply
Hi Jack, Thanks! I consider these comments more important than any given trade idea but still find them hard to do!. Always look forward to your analysis and comments
Reply
@BB3, welcome! how to find trade only contribute for 40%, the rest is about the psychology and discipline
Reply
thanks Jack!
Reply
Really appreciate for your advise..
Reply
@KaweIsam, welcome
+1 Reply
So True! Thank you!
Reply
Comment removed.
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