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What are the trading practices that you have built over the countless trades you have?
A lot, but I'll say what my most learned and built over my entire trading life.
First, I practiced not to trade all the time, you need a perfect time to trade, not all the time there are good entries, waiting for the right time and opportunity is good.
Second is also connected with the first, which is always not chasing your losses if you already got stopped-out or already closed your trade with profits. Take time to savor your profits and wait again for another entry, there is still a lot of better trade opportunity to come. For me, these are the most important.
Wayback when im just starting on trading or total noob.I do really have that habit or mindset that im afraid on missing out some good trades.In result i do actively trade even without having that clear good entry and later on it leads to losses and you're right that we shouldnt chase those losses once our SL been triggered then you should really call it a day and never tend to recover because it will just mess up your entire day if things comes worst so better to be wise in every actions would made.
In talks of habit then i do have the same when it comes to constant or frequent checking it out.Yet i would like to know on whats the current condition of the market.I dont only check my portfolio but
in the entire market prices and try to check out some opportunities too.Even im on work or in transit as long i do have data connection then i do check out prices actively but doesnt come to the point
that i do impulsively making trading actions.
Been doing this for years and my body get used to it.It isnt a habit but rather already an activity thats been part of your life.