There are many qualities and skills, which traders need to succeed in the financial markets. Ability to understand fundamental market drivers and determine the direction of trends – here are some of the key skills. However, none of them are as important., as the ability to limit emotions and maintain discipline. Trading Psychology The psychological aspect of trading is extremely important, and the reason for […]
Do not trade in the first hour of trading and with 13 to 14 do not open new positions. No averaging There is a loss limit in dollars for each trade. Stop on average 10С, if more I decrease the position size If two days are negative, the third I do not trade If three deals in a row are negative, I stop trading on 30 minutes If the market stands, I do not open new positions I try to gain the maximum position, if there is an opportunity Never try to beat off big negative days the next day I always have a trading plan for a stock All stocks have a stop loss, if they are not thin