ACTION 1 : Always put STOP LOSS
Always put STOP LOSS, never Trade without STOP LOSS.
ACTION 2: Keep Patience
Trading is a boring job in most of the time. So keep patience and wait for the right entry point. Never trade before all condition as per the strategy meets. If you take random trade then all the capital is suppose to wipe out.
ACTION 3: Always follow a Trading Strategy
When open a position, always follow a Trading Strategy and if in case you’re wrong. Immediately get out before you hit the stop loss.
ACTION 4: Do n’t jump into the market on a News
Do n’t jump into the market on a News of hot thing. Develop your plan, strategy and and follow it.
ACTION 5: You have to take into account (sense) the psychology and feelings behind trading
You trade other merchandisers of missing goods. You have to take into account (sense) the psychology and feelings behind trading.
ACTION 6: Take your imotion out of the Market.
Be apprehensive of your own feelings. Take your imotion out of the Market. Irrational gets the downfall of every trader .However, you should ask yourself, “ Is this rational? ” Easy entry, If you roar in front of your computer soliciting for the price to move in your direction. Calm out. Put stops. Don’t cry.
ACTION 7 Do n’t worry too important – excitement increases the threat as it obscures the mind. ACTION 8 Do n’t trade too important – be patient and take for 3- 5 high accuracy good trades.
ACTION 9 If you come to trade with the idea of making “ big profit”, you’re doomed. This internal station is the reason for blowing up most accounts.
ACTION 10 Do n’t concentrate on plutocrat. Focus on the proper prosecution of market able operations. However, the plutocrat will take care of itself, If entering and exiting the trade is rational.
ACTION 11 If you concentrate on plutocrat, you’ll begin to put your will on the request to meet fiscal requirements. There’s only one result from this script you’ll give all your plutocrat to dealers who have concentrated on limiting threat and letting their gains grow.
ACTION 12 The stylish way to minimize threat isn’t to trade. This is a great verity, especially during low-volatility. However, also don’t trade, If the price isn’t moving duly. Just sit back, watch and try to learn commodity. By doing this, you’re more active in reducing threat and guarding your capital. ACTION 13 You don’t need to trade 5 days a week. Trade 4 days a week, so you’ll be smarter during trading.
ACTION 14 help the loss of your capital. This means that you must have stop loss and occasionally staying out of the request.
ACTION 15 Be relaxed. Take a position and put a stop loss. And if you decide to stay out of the request, who cares? You just do your job and laboriously defend your capital. Professional dealers constantly suffer small losses. Amateurs resort to stop gap and occasionally prayers to save their trade. In life, stopgap is a veritably positive thing. In the world of trading career, stopgap is a contagion that infects and destroys.
ACTION 16 Don’t leave “ red ” position for the night. Close the losing Trade , Do not stay on the losing trade.
ACTION 17 Hold the winning positions as long as they move in their path. Let the request take you outdoors at its last stop.
ACTION 18 Money Management is the secret to success. Do n’t load your trade. The more you load it, the further stopgap comes into play when everything goes against you. The stopgap of trade is suchlike acid for the skin, the more it stagnates, the further painful the results come.
ACTION 19 There’s no logical reason to vacillate when you put stop loss.
ACTION 20 Professional dealers accept losses. To make a mistake and not accept the loss is mischievous to your account and mind.
ACTION 21 Once you have suffered a loss, forget about continuing to trade at any cost, especially when the loss is small. Do yourself a favor and take advantage of every occasion to clear your head by taking a small loss.
ACTION 22 noway let a position go against you further than 2 of your capital. Wider position – a tighter stop.
ACTION 23 Use the diurnal map to get an idea of the 30 day trend, the hourly map to get an idea of the diurnal trend and the 5 nanosecond map to identify entry points.
ACTION 24 If you’re reluctant to take a position, it shows a lack of confidence, which isn’t necessary. Just take a position and set stop loss. Dealers lose plutocrat in positions every day. Keep them small. The confidence you need isn’t whether you’re right or not, but that you’ll always stop no matter what. So, in fact, you can palliate this vacillation to “ pull the detector ” by continuing to set your stops and support this geste
ACTION 25 Adding to a losing position is like a sinking boat that takes in redundant water.
ACTION 26 Add to a position that goes your way.
ACTION 27 Adrenaline is a sign that your pride and feelings have reached a point where they cloud your mind. Realize this and incontinently constrict your stop loss significantly to keep your winnings or close the position.
ACTION 28 Look for suitable openings. Trade Only when you meet your opening Trading Strategy.
ACTION 29 utmost of the time you want to buy the product before the price jumps, also vend to current players after it jumps. However, realize that professional dealers are dealing their positions in order to test the strength of the trend, If you buy after a jump. They will buy them back below the position to which the price has jumped – where you generally put your stop when buying after a jump. Human Greed comes into play when the price again moves in the direction and current players embark on a chase and buy the product. Understand how the trends are arranged and use this as an advantage when opening and closing a position.
ACTION 30 inordinate tone- confidence leads to fiscal ruin. When you justify losses with effects like “ They ’re just putting weak hands in then ”, that’s how you feel. Do n’t hold a losing position. Cut losses. You can always get them back.
ACTION 31 Unfortunately, discipline isn’t learned until you fail an account. And until you do that, you suppose it can’t be to you. reflective is this station that makes you hold losing positions and do it wisely all the way to the bottom.
ACTION 32 Withdrawing winnings each month and depositing them in your current bank account is a good practice. This action will help you understand that this is a business and your business should induce gains every month.
ACTION 33 Professional dealers always invest a small part of their capital in one position. Or if they open a large position also they limit the threat to 1- 2 of their capital. Amateurs generally put a large part of their account in one position and give it “ room to move ” in case they’re right. This situation creates feelings that destroy their accounts, while professionals have the occasion to make opinions and limit their losses because they rigorously determine their threat.
ACTION 34 further differences between professionals and amateurs Professionals concentrate on threat operation and capital protection. Amateurs concentrate on how important plutocrat they can make with each trade. Professionals always take the plutocrat of amateurs.
ACTION 35 Do n’t be a idol! In this request, the icons are defeated. Adding plutocrat to a losing position is a “ heroic move ”. The forex request doesn’t bear eyeless courage, but fineness, finesse. Do n’t pretend to be a idol.
ACTION 36 sorely, dealers noway realize the significance of “ rules ” until they “ blow up ” their accounts. Until you lose everything, it isn’t clear to you that it’s veritably important and you must follow the introductory rules of professional trading( limit the loss, let the profit grow,etc.).
ACTION 37 The request intensifies bad habits If in the beginning you find yourself in a losing position, which goes to 20 of your capital and there’s an occasion to get out after a big rise/ fall, you’re doomed. The request intensifies bad habits. The coming time you allow a position to go to a 20 loss, you’ll hold it allowing that you’ll be suitable to get out again with some big movement( rise/ fall) if you’re patient and stay long enough. also it no longer matters whether the product has been renewed or if good news has come out. You still need to cover your capital. Whether it’s sensible or not, you control the threat by always stopping.
ACTION 38 Who’s responsible for your trade? A hallmark of an amateur dealer who’ll achieve nothing in this business is that he constantly blames everything but himself as the cause of bad trade. While the pro sounds like this “ I ’m shamefaced because this position is too big for me. ” “ I ’m shamefaced because I did n’t fit my threat norms ” “ I ’m shamefaced because I really do n’t know how to trade ” “ I ’m shamefaced because I know request players can take my plutocrat and I knew I was going there. ” “ I ’m shamefaced because I know there are pitfalls in trading and I did n’t identify them completely enough when I took that position. ”
ACTION 39 The dealer who doesn’t use threat control, but is controlled by feelings, gives his plutocrat to the bone
who’s controlled and uses proper threat control. Amateurs always suppose, “ How important plutocrat can I make from this position? ” And the professionals like this “ How important plutocrat can I lose from this position? ” cock 40 At times, dealers find that no bone
can tell them exactly what will be the coming business day, and you may noway know how important plutocrat you’ll make. also the only thing left for you to do is determine how important to risk in order to find out if you’re right or not. The key to successful trading is to concentrate on how important plutocrat you risk, not how important you can earn.
Summary:
ACTION 1 Always put STOP LOSSESS, never Trade without STOP LOSSES.
ACTION 2 When open a position, always follow a Trading Strategy and if in case you’re wrong. Immediately get out before you hit the stop loss.
ACTION 3 Trading is a boring job in most of the time. So keep patience and wait for the right entry point. Never trade before all condition as per the strategy meets. If you take random trade then all the capital is suppose to wipe out.
ACTION 4 Do n’t jump into the market on a News of hot thing. Develop your plan, strategy and and follow it.
ACTION 5 You trade other merchandisers of missing goods. You have to take into account (sense) the psychology and feelings behind trading.
ACTION 6 Be apprehensive of your own feelings. Take your imotion out of the Market. Irrational gets the downfall of every trader .However, you should ask yourself, “ Is this rational? ” Easy entry, If you roar in front of your computer soliciting for the price to move in your direction. Calm out. Put stops. Don’t cry.
ACTION 7 Do n’t worry too important – excitement increases the threat as it obscures the mind. ACTION 8 Do n’t trade too important – be patient and take for 3- 5 high accuracy good trades.
ACTION 9 If you come to trade with the idea of making “ big profit”, you’re doomed. This internal station is the reason for blowing up most accounts.
ACTION 10 Do n’t concentrate on plutocrat. Focus on the proper prosecution of market able operations. However, the plutocrat will take care of itself, If entering and exiting the trade is rational.
ACTION 11 If you concentrate on plutocrat, you’ll begin to put your will on the request to meet fiscal requirements. There’s only one result from this script you’ll give all your plutocrat to dealers who have concentrated on limiting threat and letting their gains grow.
ACTION 12 The stylish way to minimize threat isn’t to trade. This is a great verity, especially during low-volatility. However, also don’t trade, If the price isn’t moving duly. Just sit back, watch and try to learn commodity. By doing this, you’re more active in reducing threat and guarding your capital. ACTION 13 You don’t need to trade 5 days a week. Trade 4 days a week, so you’ll be smarter during trading.
ACTION 14 help the loss of your capital. This means that you must have stop loss and occasionally staying out of the request.
ACTION 15 Be relaxed. Take a position and put a stop loss. And if you decide to stay out of the request, who cares? You just do your job and laboriously defend your capital. Professional dealers constantly suffer small losses. Amateurs resort to stop gap and occasionally prayers to save their trade. In life, stopgap is a veritably positive thing. In the world of trading career, stopgap is a contagion that infects and destroys.
ACTION 16 Don’t leave “ red ” position for the night. Close the losing Trade , Do not stay on the losing trade.
ACTION 17 Hold the winning positions as long as they move in their path. Let the request take you outdoors at its last stop.
ACTION 18 Money Management is the secret to success. Do n’t load your trade. The more you load it, the further stopgap comes into play when everything goes against you. The stopgap of trade is suchlike acid for the skin, the more it stagnates, the further painful the results come.
ACTION 19 There’s no logical reason to vacillate when you put stop loss.
ACTION 20 Professional dealers accept losses. To make a mistake and not accept the loss is mischievous to your account and mind.
ACTION 21 Once you have suffered a loss, forget about continuing to trade at any cost, especially when the loss is small. Do yourself a favor and take advantage of every occasion to clear your head by taking a small loss.
ACTION 22 noway let a position go against you further than 2 of your capital. Wider position – a tighter stop.
ACTION 23 Use the diurnal map to get an idea of the 30 day trend, the hourly map to get an idea of the diurnal trend and the 5 nanosecond map to identify entry points.
ACTION 24 If you’re reluctant to take a position, it shows a lack of confidence, which isn’t necessary. Just take a position and set stop loss. Dealers lose plutocrat in positions every day. Keep them small. The confidence you need isn’t whether you’re right or not, but that you’ll always stop no matter what. So, in fact, you can palliate this vacillation to “ pull the detector ” by continuing to set your stops
ACTION 25 Adding to a losing position is like a sinking boat that takes in redundant water.
ACTION 26 Add to a position that goes your way.
ACTION 27 Adrenaline is a sign that your pride and feelings have reached a point where they cloud your mind. Realize this and incontinently constrict your stop loss significantly to keep your winnings or close the position.
ACTION 28 Look for suitable openings. Trade Only when you meet your opening Trading Strategy.
ACTION 29 utmost of the time you want to buy the product before the price jumps, also vend to current players after it jumps. However, realize that professional dealers are dealing their positions in order to test the strength of the trend, If you buy after a jump. They will buy them back below the position to which the price has jumped – where you generally put your stop when buying after a jump. Greed comes into play when the price jumps again and current players embark on a chase and buy the product. Understand how the trends are arranged and use this as an advantage when opening and closing a position.
ACTION 30 inordinate tone- confidence leads to fiscal ruin. When you justify losses with effects like “ They ’re just putting weak hands in then ”, that’s how you feel. Do n’t hold a losing position. Cut losses. You can always get them back.
ACTION 31 Unfortunately, discipline isn’t learned until you fail an account. And until you do that, you suppose it can’t be to you. reflective is this station that makes you hold losing positions and do it wisely all the way to the bottom.
ACTION 32 Withdrawing winnings each month and depositing them in your current bank account is a good practice. This action will help you understand that this is a business and your business should induce gains every month.
ACTION 33 Professional dealers always invest a small part of their capital in one position. Or if they open a large position also they limit the threat to 1- 2 of their capital. Amateurs generally put a large part of their account in one position and give it “ room to move ” in case they’re right. This situation creates feelings that destroy their accounts, while professionals have the occasion to make opinions and limit their losses because they rigorously determine their threat.
ACTION 34 further differences between professionals and amateurs Professionals concentrate on threat operation and capital protection. Amateurs concentrate on how important plutocrat they can make with each trade. Professionals always take the plutocrat of amateurs.
ACTION 35 Do n’t be a idol! In this request, the icons are defeated. Adding plutocrat to a losing position is a “ heroic move ”. The forex request doesn’t bear eyeless courage, but fineness, finesse. Do n’t pretend to be a idol.
ACTION 36 sorely, dealers noway realize the significance of “ rules ” until they “ blow up ” their accounts. Until you lose everything, it isn’t clear to you that it’s veritably important and you must follow the introductory rules of professional trading( limit the loss, let the profit grow,etc.).
ACTION 37 The request intensifies bad habits If in the beginning you find yourself in a losing position, which goes to 20 of your capital and there’s an occasion to get out after a big rise/ fall, you’re doomed. The request intensifies bad habits. The coming time you allow a position to go to a 20 loss, you’ll hold it allowing that you’ll be suitable to get out again with some big movement( rise/ fall) if you’re patient and stay long enough. also it no longer matters whether the product has been renewed or if good news has come out. You still need to cover your capital. Whether it’s sensible or not, you control the threat by always stopping.
ACTION 38 Who’s responsible for your trade? A hallmark of an amateur dealer who’ll achieve nothing in this business is that he constantly blames everything but himself as the cause of bad trade. While the pro sounds like this “ I ’m shamefaced because this position is too big for me. ” “ I ’m shamefaced because I did n’t fit my threat norms ” “ I ’m shamefaced because I really do n’t know how to trade ” “ I ’m shamefaced because I know request players can take my plutocrat and I knew I was going there. ” “ I ’m shamefaced because I know there are pitfalls in trading and I did n’t identify them completely enough when I took that position. ”
ACTION 39 The dealer who doesn’t use threat control, but is controlled by feelings, gives his plutocrat to the bone
who’s controlled and uses proper threat control. Amateurs always suppose, “ How important plutocrat can I make from this position? ” And the professionals like this “ How important plutocrat can I lose from this position? ” cock 40 At times, dealers find that no bone
can tell them exactly what will be the coming business day, and you may noway know how important plutocrat you’ll make. also the only thing left for you to do is determine how important to risk in order to find out if you’re right or not. The key to successful trading is to concentrate on how important plutocrat you risk, not how important you can earn.
Summary:
Develop your own Trading Strategy. Trade as per the Strategy. Always put Stop Loss. Trade according to risk reward. Max 2% of your capital can be risked in a singly Trade. Strictly follow The rules to be successful in the trade.
I have one more tip which is secret. Please open Trading & Demat account and join in my course. I will share that to you. You will always be profitable in the Trading. No One will stop you in making profit if you get to know this secret.