19 trading rules for a greater profit
Most important is psychological management.
1) When in doubt stay out
2)Never trade or invest based on hope
3)Act on your own judgement or else absolutely and entirely on the judgement of another
Most important is psychological management.
1) When in doubt stay out
2)Never trade or invest based on hope
3)Act on your own judgement or else absolutely and entirely on the judgement of another
4) buy low (into weakness ),sell high (into strength ) - this needs detailed explanation as it looks easy but is tough - greatest fault of 99 out of 100 active traders is being bullish at high prices and bearish at low prices(in perspective of trading)
5) Don’t over trade.
6) After successful and profitable campaign take a trading vacation- I should have taken vacation after April may and June profit😑😑😑
7) Take a periodic mental inventory to see how you are doing- samajh aaya? 😅
6) After successful and profitable campaign take a trading vacation- I should have taken vacation after April may and June profit😑😑😑
7) Take a periodic mental inventory to see how you are doing- samajh aaya? 😅
8) Constantly analyse your mistakes- How many of you do that?
9)Don’t jump the gun -In any trading situation or investing there is always the temptation to put on position before the particular discipline or methodology that we are using has given the all clear or all thumbs up
9)Don’t jump the gun -In any trading situation or investing there is always the temptation to put on position before the particular discipline or methodology that we are using has given the all clear or all thumbs up
This is actually a very poor practice because it means that we are not in actual fact following the discipline but have decided that we know better.
10) Don’t try to call every market turn, June and July has been a big lesson for most of the trader And market has been a great teacher.
No comes another important part Money Management-
Without this However could you are you won’t sustain in the market for much longer time.
1) Never enter into a position without first establishing a risk reward.
2) Cut losses let profit run it looks easy but it’s not
Without this However could you are you won’t sustain in the market for much longer time.
1) Never enter into a position without first establishing a risk reward.
2) Cut losses let profit run it looks easy but it’s not
However it’s easy but we make it complex most of us let Loss run and cut profit early😂
3) Place numerous small bets on low risk ideas.
3) Place numerous small bets on low risk ideas.
4) before trade Look down not up.
5) Never trade or invest more than You can reasonably afford to lose.
6) Don’t fight the trend -you have seen what has happened in 2020 and 2021(so far).
5) Never trade or invest more than You can reasonably afford to lose.
6) Don’t fight the trend -you have seen what has happened in 2020 and 2021(so far).
7) Wherever possible trade liquid markets.
8) Never meet a margin call- this needs an explanation.😉
9)Most important if you are going to place a stoploss put it at a logical level not at convenient level.
8) Never meet a margin call- this needs an explanation.😉
9)Most important if you are going to place a stoploss put it at a logical level not at convenient level.
More explained and detailed article on above headers on my website with examples which I have faced in the past - finkarma.in
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