It is very difficult to start trading on the stock exchange and your primary task is not to lose money. I decided to outline a couple of simple but effective rules for trading in the first month for NYSE.
Position size :
- 100 Shares (no more)
Loss limit per day :
- 20-25$
Risk in the deal :
- 10With the maximum risk in the transaction
Number of simultaneously open positions:
- 1 position
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STOP :
- Not more than 10C in a deal. / Li>
Promotions :
- Average daily volume in stocks from 500 000 to 5 000 000
- Price : 15-50$
- We trade only trends
- Only stocks with smooth movement
- Candles in shares should not exceed 15-20С
- Don't touch the DJ components
- Shares included in Commodities (commodities) do not touch – Oil, coal, silver, etc
- Average daily movement of a share not less than 1 dollar
Time in NY:
- With 10:30 – 12 : 00 and C 14 : 00 to 15 : 40
If 3 do not trade for a day
If 3 negative deals we rest 30 minutes
"The most important thing, what should you learn from the first day of trading – learning not to lose. When you learn not to lose – then you will start to learn how to make money "
P.S. Maybe I'll remember something else
