What Are Your Golden Rules?

Beginner Questions
73

Good luck with that mate

74

Keep a level head, keep it simple and plan :slight_smile:

75

Keep a level head - what’s your tips for that?

76

Don’t use leverage especially when you’re just starting out. :slight_smile:

77

Okay thanks ponpon

78

My only golden rule is- Always trade with a stop loss.

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79

Interesting topic Renko, let us know how you get on with it.

I have found it very promising so far from what I have seen.

80

Don’t watch the House of Commons! :grin:

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81

I knew how I wanted to trade, and removed myself from various groups/chats etc
I know my trading edge works and that is what i solely focused on without being surrounded by what ‘everyone else’ was doing, or should I say trying to market.

Don’t get me wrong I do interact with people lol but surround myself with the right people, those being actual traders, not marketers who claim they can trade.

82

i sure will keep you updated on progress

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83

this is great advice the whole trading scene especially forex and crypto is pumped full of marketeers…you make a sound judgement about removing yourself from various social media groups.

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84

Trade with brain and discipline, if you are emotional person then you can not survive this market.

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85

I guess it’s simple. If you are ready to lose a particular sum of money and it will not influence your lifestyle a lot, then go ahead and try. Just don’t get hooked and do not exceed the amount allowed.

86

Thanks - care to elaborate as to why that’s your only rule?

87

Wise words Honeymoon

88

Do you think people can emotionally unattach themselves to trading?

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89

Thanks - a good incite here

90

Very true there

91

For me I put on wet socks, drink a bottle of whiskey and listen to flight of the valkyries on my phonograph… but each to their own.

92

It was about a year ago and quit at that point, hoping to get back into it now though, reading and watching as much as I can at the min.

1 Like