Top 4 trading rules each trader has to follow
#1 – You have to survive
Focus, to me, means not only focusing on the task at hand but also narrowing your scope of trading to either one or two markets or to the specific approach of a trading technique. Have you ever tried juggling? It’s pretty hard to learn to keep three balls in the area at one time. Most people can learn to watch those ‘details’ after about 3 hours of practice.
Add one ball, one more detail to the mess, and few, very few, people can make it as a juggler. It’s precisely that difficult to keep your eyes on just one more ‘chunk’ of data. The better your focus, in whatever you do, the greater your success will become. Lack of attention may mean you don’t take the trade you should, or neglect a trade that leads to great cost.
#3 Control your emotions
#4 Always use a trading plan
Top 4 Trading Rules For Beginners by Inna Rosputnia
Wishing you a great week!
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