Have a clear entry and exit plan and do not risk to much on a single trade.
//------What are your golden rules
What are your golden rules, that you always abide by, when trading???
In short - Never try to catch the falling knife.Never Try to win back a loss
As a trader, my book of golden rules includes the following:-
- Last, I never chase the markets. Never try to catch every opportunity. Patience is the key.
I like that quoteIn short - Never try to catch the falling knife.
very,very importantNever risk what you can`t afford to lose.