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If having a "robust trading plan" & "executing the plan" are the 2 tyres of your trading journey limousine, what are the other 2 important tyres on which you run your car?
Think & respond with your 2 options.
Think & respond with your 2 options.
Thanks everyone for your response. I will share my point of view today evening once I reach back home.
Enjoy & have a profitable and learning filled day!
Enjoy & have a profitable and learning filled day!
While other things are also important & cant be ignored, here are the 2 key things in my opinion -
1) Patience
2) Risk management
1. Patience to wait for ur fav setup in ur trade zone. No trade until u see this
2. RM to trade in control. No over trading, no revenge trading
1) Patience
2) Risk management
1. Patience to wait for ur fav setup in ur trade zone. No trade until u see this
2. RM to trade in control. No over trading, no revenge trading
If you manage your risks well, profits will automatically come. As @priceinaction just shared that if you risk strict 1% loss in every trade, then even after consecutive 72 fail trades, u will lose only 50% of your capital. Make a note of it & understand it well. Happy Learning!
