Weekend Refresher(V): The secret to upgrade from rookies: quiet your trader mind & Stick with your strategy.
The vast majority of thinking is detrimental to personal peace and profits in the market. The goal here is to unthink.
If you are going to implement a trading strategy based on a specific set of rules, then you should follow through with it.
****** Trading Philosophy ******
Step 1. Verify long, mid, and short term trends of what you want to trade
Step 2. Determine your trading time frame and follow the respective trend
Step 3. Decide left or right side entries which ever fits your own personality well, always bet with reasonable and confirmed technical signals, avoid hopes, guesses and fantasy.
Step 4. Protective stop-loss order placed at the same time
Step 5. Reasonable target according to your time frame and willing to change according to the changing market conditions
Step 6. Never over-trade, including frequency, positions, and so on
Happy trading and good luck!
Edited 15 Aug 2021, 14:12
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