Trading has a few simple rules we just need to follow them. In trading there are only two main things: A good entry and A good exit thats it.
- I have said before earning profit is easy but managing and keeping it is very hard. We get greedy and thats why after making some profit we take more trades and even increase our lot size.
- For me i dont trade full-time because its not worth it and can be risky. I know at some point a trade will go wrong as the market can change anytime. Thats why I trade only 10–12 hours a day to stay fresh and focused.
- Set a daily target and focus on growing your balance not your lot size. If you calculate monthly you will see good profits.
- Its impossible to always stay in profit what matters is how you react after a loss. Accepting your loss is the first step toward your next success.
- Never take revenge on the market you will only lose more.
- Never trust anyone blindly. we all post trades after taking them so when you follow us its often too late.
- If today you are a buyer be ready to become a seller tomorrow trade according to the market. Or if your balance allows hold your trade longer.
- Personally I never like break even points. If my trade gives me 500 pips profit I analyze and close it because 500 pips is a huge profit.
- Always use a stop loss (SL) otherwise you might lose everything.
I know we will forget all this after a day or two but if we remember it we can trade without stress.
Patience
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+120 pips for me, partital taken half (+250 pips taken all)
