[zoreli]

Thanks to all of you for help and advices. It's good to know that you are on the right track.

Yesterday, I didnt post whole plan, I ommit my trade rules, since I was not sure that I have a plan at all.


Here are my rules, which are part of the plan:

MAIN RULE:
READ THE RULES BEFORE TO ENTER ANY TRADE

1. Study the chart well BEFORE to enter the trade, not AFTER.
2. Don’t rush. It is not a race or contest who can place more trades. Paying spreads to the broker won’t make you rich, it will make THEM richer.
3. Ensure that strong trend already exists.
4. Join the trend. Don’t fight him.
5. Always put stop loss and limit command. Computer can crush or power may go out.
6. Don't even think to take the revenge from the market.
7. If you loose 4 trades in a row - quit trading for that day.
8. Check the price (spread) of the Currency Pair before to place the trade. Sometimes spread can cost 9-12 pips.

Any sugesstion & advices about my rules?



Regards, Zoreli