What Are Your Golden Rules?

Mine are…
Take it slow
Learn everything twice
Stay on demo until you know exactly what your doing and making consist profit

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Thanks Teejy

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for me its never trade without a stoploss, been burnt and it hurts!

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  1. Follow the strategy.
  2. You’ll take losses! Manage those losses where profits are contained and gained.
  3. Document my trade with (TP, SL & Buy/Sell Location) - My sentiment & market sentiment (anything news related).
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Thanks all - some interesting points here

Knowing when then different markets are opening or closing…

Yeah that’s important alright!!!

dont over trade, dont be emotional, trade what you see, dont FOMO or FOGI

Never trade without a plan - both entry and exit! And follow your plan because what’s the point in making one if you won’t follow it lol

Good information here J C

dont get angry when you loose a trade and take immediatly the oposite position to get your loss back-(revanche trading)-90% of such trades are also looser

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Buy Low and Sell High

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Thanks Kashmaster

‘Buy Low, Sell High - that’s my motto’ Homer Simpson.

Thanks Alex

Trade according to the markets capacity in order to increase long-term reliability and sustainability of an accounts profits. Capacity in the Forex is very large, a good thing for traders to recognize. Exposure opposite of certain risks creates real and tangible profits.

Never take more than 2% risk in an individual trade position.

My golden rule is: follow the market trend; now I am not interested in counter-trend trade setups.

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i have other peals of wisdom too :slight_smile: dont be influenced by others, trade your way and believe

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Thanks Audvantages!

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Okay Alex, I’ll bear that in mind

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