Rules.. More specefic, a rules based system. That is what you want in order to increase your odds of success by 1000 percent!
Know when to enter a trade. Know exactly why you are doing everthing your are doing. Know exactly what your target is, BEFORE a trade even starts. Know exactly when to exit a trade and why.. ALWAYS have a stop loss.. that is, know when to close the trade and don't ever hesitate to do so. Just take the small loss, try and learn something from the failed trade, and MOVE ON to the next trade.
image from pixabay
Any good system is going to lose.. just make sure it wins overall, despite any losses it suffers. That's called trade expectancy (there are many expectancy calculators online, but the formula is not hard to get..
also from pixabay
SO, just to re-cap now.. having a plan (well laid out BEFORE a trade is even spotted or triggered) is THE key to being profitable in you trading. now always remember that, and
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