T3Live : 20 rules for successful trading
1. Create a trading plan and stick to it. You must have reasons for the transaction, stop loss and take profit prices even before, how your order will be executed. Discipline is key to success. 2. You must learn to quickly adapt to change.. If Your Selling Idea Doesn't Work, think about a purchase idea. Don't be stubborn. The market can change quickly and you must be ready to change with it. 3. Don't get too close to a specific deal. If the ideas didn't work and you lost money in stocks, do not try to recoup a loss in the same promotion. And vice versa, if you made money in shares, не думайте, that this promotion will always give you money. Just trade, according to your trading plan. 4. Don't try to catch a low and high reversal. A trend is a friend and when you find it, follow it. Eliminate bias, the market does not hear you, he himself will make it clear, what will be his next step. 5. Losses are an integral part of trading. Будьте готовы к ним психологически. Limit your losses and take breaks, when you see fit. 6. Don't overcomplicate simple ideas, who work. 7. Stay Confident and Positive. If you are developing in the wrong direction, don't be afraid to take a step back and reconsider. If you need help from colleagues, do not hesitate to contact them. 8. Будьте …