How can you be a successfull trader?
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First of all you have to create you own rules and strategy and you must follew them in every situation!
1.PLAN YOUR TRADE AND TRADE YOUR PLAN
2.THE TREND IS YOUR FRIEND
3.FOCUS ON CAPITAL PRESERVATION
4.KNOW WHEN TO CUT LOSS
5.TAKE PROFIT WHEN THE TRADE IS GOOD
6.BE EMOTIONLESS
7.DO NOT TRADE BASED ON A TIP FROM A FRIEND OR BROKER
8.KEEP A TRADING JOURNAL
9.WHEN IN DOUBT, STAY OUT
10.DO NOT OVERTRADE
Who has another helpful rules in order to success?
@kingscrown @timsaid @satchmo