Lessons I have learned in my trading journey ( 348 )

in #make6 years ago (edited)

Lessons I have learned in my trading journey:

  1. Don't trade everyday
  2. Don't trade too many similar pairs (correlated)
  3. Avoid hedging trades
  4. Don't put my stoploss to tight
  5. Avoid using big lotsizes(quick way to blow account)
  6. Have profit targets and don't be greedy
  7. Accept when a trade moves against my analysis and quickly come out of that trade
  8. Never hold losses for too long.
  9. Take only those trades that I'm comfortable about.
  10. To wait for my 3 confirmations before I take a trade.
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