Plan your trade and the issues of your plan: You must have a plan to be successful. A plan should be trading from a position for
which you stop point, the level of profits, and a solid money management of the Community strategy. A good plan is to all the emotions of Commerce.
The trend is your friend: This is not the trend. If the market is stubborn, go long. On the back, if the market is bearish, briefly. Not against the trend.
Focus on conservation Capital: it is the most important step for you to take when you connect with your trading partner of the capital. The main objective is preservation of capital. Do not trade more than 10% of your deposit in a single trade. For example, if your deposit is with a total of 10000 dollars, everyone should restrict trade, up to $ 1000 if you do not, you will very quickly on the market.
Knowing when to cut the loss: If one of you goes against the trade, sell and release. Do you not think a bad trade on the hope that prices will rise. Probably, you have more money at the end to lose. Before creating a trade, decide your stop price, a price to sell, which, if the trade turns sour. It depends on your risk profile, as it is much more for the Stop-Loss.
Do you accept benefit when the industry is: Before entering a trade to decide how much profit you are willing to take. If a trade, it turns out, well-being, of victory. You can go to a benefit or in the profit stadiums. When do you have your trading partners, costs, you have nothing to lose. Sit tight and see victory.
Emotions: two largest trade in emotions: greed and fear. Do not be fooled by greed and fear affect your living room. Trading is a mechanical process, and it's not for the emotionally. As Dr. Alexander Elder, said in his book "Trading for a Living," if you are sitting next to a successful and watch him, you can not in a position to say if he or she, or loss of money. It is with emotion stable, as a success.
Do not trade based on advice from other human beings: Trade only if you have done its own research. Be a dealer informed.
Beware store commerce: If you have a market instrument, write why you buy, and your feelings at that moment. You do if you sell. Analyze and record all the mistakes you made, the things you did was right. The reference to your store of trading, learn from your mistakes of the past. Improve your mistakes on learning to improve and maintain.
If you have any doubts, do you: if you are in doubt, and are not sure where the market is going to stay on the lateral line. Sometimes, doing nothing is best, what to do.
Do not overtrade: Ideally, you should 3-5 places at once. No more. If you have a lot of places that you have a tendency to break the emotional and control decisions, when it leads to a change in market conditions. Not for trade, in the interest of trade.
which you stop point, the level of profits, and a solid money management of the Community strategy. A good plan is to all the emotions of Commerce.
The trend is your friend: This is not the trend. If the market is stubborn, go long. On the back, if the market is bearish, briefly. Not against the trend.
Focus on conservation Capital: it is the most important step for you to take when you connect with your trading partner of the capital. The main objective is preservation of capital. Do not trade more than 10% of your deposit in a single trade. For example, if your deposit is with a total of 10000 dollars, everyone should restrict trade, up to $ 1000 if you do not, you will very quickly on the market.
Knowing when to cut the loss: If one of you goes against the trade, sell and release. Do you not think a bad trade on the hope that prices will rise. Probably, you have more money at the end to lose. Before creating a trade, decide your stop price, a price to sell, which, if the trade turns sour. It depends on your risk profile, as it is much more for the Stop-Loss.
Do you accept benefit when the industry is: Before entering a trade to decide how much profit you are willing to take. If a trade, it turns out, well-being, of victory. You can go to a benefit or in the profit stadiums. When do you have your trading partners, costs, you have nothing to lose. Sit tight and see victory.
Emotions: two largest trade in emotions: greed and fear. Do not be fooled by greed and fear affect your living room. Trading is a mechanical process, and it's not for the emotionally. As Dr. Alexander Elder, said in his book "Trading for a Living," if you are sitting next to a successful and watch him, you can not in a position to say if he or she, or loss of money. It is with emotion stable, as a success.
Do not trade based on advice from other human beings: Trade only if you have done its own research. Be a dealer informed.
Beware store commerce: If you have a market instrument, write why you buy, and your feelings at that moment. You do if you sell. Analyze and record all the mistakes you made, the things you did was right. The reference to your store of trading, learn from your mistakes of the past. Improve your mistakes on learning to improve and maintain.
If you have any doubts, do you: if you are in doubt, and are not sure where the market is going to stay on the lateral line. Sometimes, doing nothing is best, what to do.
Do not overtrade: Ideally, you should 3-5 places at once. No more. If you have a lot of places that you have a tendency to break the emotional and control decisions, when it leads to a change in market conditions. Not for trade, in the interest of trade.
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