I am new to trading and have tried trading by using knowledge I have picked from here and there.
By using bits and pieces of knowledge and undisciplined nature I Have gained mastery in blowing my accounts. Thankfully Demo Accounts .
Anyway I have put some rules for myself to get my trading style and system.
Active participation and guidance of fourm members will be appreciated as third person view of my activities.
Lower timeframe : <1H
Higher timeframe : >1H
- Use lower timeframe for entry (not necessary).
- Trade with Trend only.
- Max risk 2%.
- No indicators untill everything starts to fall in place.
- Max 3 trades per day.
I may add or remove rules as journey progress
Note to self: never forget to journal your trade.