🥇 Golden Rules for Trading
One of the most important trading tips is to always wait for the perfect setup before entering a trade. Patience is key in trading, and it is better to wait for the right conditions to be met than to rush into a trade prematurely. The best trades tend to work out almost right away.
Trading is a serious undertaking, one which you will no doubt have put a fair amount of time and thought into. It makes sense, therefore, to want your capital to yield a profit whilst controlling losses. Keep this list close to hand.
✔ Back to basics: Learning new things is great, but don’t get carried away. Remember the simple things.
✔ Don’t risk too much: You’re unlikely to call every trade right. The aim to stay in the game, so be sure to keep enough back to allow trading through the tough times. Scale up when profitable, and down when not.
✔ Take responsibility: Be sure of what you’re doing. You only get one chance to lose all your capital.
✔ Stay disciplined: Don’t let your heart rule your head. You are risking money. Your money. The best traders keep their emotions in check.
✔ Keep your feet on the ground: Everybody has good streaks. Don’t let them go to your head.
✔ Markets go down as well as up: Don’t rule out shorting. You can also profit from falling markets.
✔ Take stock: Review your positions regularly. Is your reason for placing/being in a trade still valid?
🎉 Enjoy yourself! 🎉
#tradings #tips #goldenpoints #enjoy AUS GLOBAL
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