It is very uselful for the newbie. Because being newbie trader there is hard what they next to do what is need to do and don't as a trader.
It can get and maybe they use trader that someday and it can possible to become successful them because of this.
Topic: This will help to improve your trading - page 8. (Read 21965 times)
hi traders i am sharing my mistakes and experience so that it will help you
here are the mistakes i did and the with experience i got answers to my mistakes
1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need
2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short
remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience
at first your goal must be to protect your capital , and then protect your profits , dont risk everything
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis
4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you
5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films
6) dont ever think to recover your losses , or trade against
7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common
8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this and just go through this when you are free trust me it will help too much
9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )
10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )
11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is not easy we must work-hard to achieve it
12) i am sure if you follow this rules you will see changes in your trading ,
if any experienced traders do have some points that will help traders please highlight it
here are the mistakes i did and the with experience i got answers to my mistakes
1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need
2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short
remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience
at first your goal must be to protect your capital , and then protect your profits , dont risk everything
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis
4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you
5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films
6) dont ever think to recover your losses , or trade against
7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common
8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this and just go through this when you are free trust me it will help too much
9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )
10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )
11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is not easy we must work-hard to achieve it
12) i am sure if you follow this rules you will see changes in your trading ,
if any experienced traders do have some points that will help traders please highlight it
There are a lot of tips for trading but I doubt that I could follow them all. I have been trading for several years now and still I am not that profitable.
thanks for sharing your experience this rules are valuable for newbies
The tips are good, but they are formed by personal experience under your character traits. There are no specific rules and principles, following which will be a 100% positive result. All people are different and everyone has a different perception and understanding of some events and movements in the market, which means that everyone should determine the rules and sequence of actions for a particular market situation for themselves.
This is mostly common sense trading tips but that doesn't detract from the usefulness. Any trader needs to be mindful of all of these things and more at all times.
For new traders following this advice won't mean they'll be successful, for that they'll need a lot more skill and knowledge of the markets. But it will help limit their losses or maximize their profits and that's why it's worthwhile advice for all to follow.
For new traders following this advice won't mean they'll be successful, for that they'll need a lot more skill and knowledge of the markets. But it will help limit their losses or maximize their profits and that's why it's worthwhile advice for all to follow.
This are known facts that many have put into practice and yet still incurred loss, that is to say no strategy is the best, or a sure one
Your points aren't too bad per se, they are fairly OK for one who's new to trading and probably hasn't read any guides whatsoever.
I think your best point is money management,its very essential and can ultimately reduce potential loss
Your points aren't too bad per se, they are fairly OK for one who's new to trading and probably hasn't read any guides whatsoever.
I think your best point is money management,its very essential and can ultimately reduce potential loss
hi traders i am sharing my mistakes and experience so that it will help you
here are the mistakes i did and the with experience i got answers to my mistakes
1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need
2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short
remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience
at first your goal must be to protect your capital , and then protect your profits , dont risk everything
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis
4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you
5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films
6) dont ever think to recover your losses , or trade against
7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common
8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this and just go through this when you are free trust me it will help too much
9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )
10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )
11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is not easy we must work-hard to achieve it
12) i am sure if you follow this rules you will see changes in your trading ,
if any experienced traders do have some points that will help traders please highlight it
13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)
here are the mistakes i did and the with experience i got answers to my mistakes
1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need
2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short
remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience
at first your goal must be to protect your capital , and then protect your profits , dont risk everything
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis
4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you
5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films
6) dont ever think to recover your losses , or trade against
7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common
8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this and just go through this when you are free trust me it will help too much
9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )
10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )
11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is not easy we must work-hard to achieve it
12) i am sure if you follow this rules you will see changes in your trading ,
if any experienced traders do have some points that will help traders please highlight it
13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)
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