What Are Your Golden Rules?

J_C_Anderson

Trader
Aug 15, 2018
64
8
19
40
Keep in mind risk management rules and always trade with stops.
Always stop trading and take a rest after very profitable trade or a large loss.
Write down all the trades to have enough information for analysis.
 

Zack King

Trader
Mar 4, 2019
82
14
14
Have a clear entry and exit plan and do not risk to much on a single trade.

what the above person said ! Very well said.

Following economical news (investing.com) is a massive must for me for present and future trades
 
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Ulacan

Trader
Feb 21, 2019
91
8
14
Don't spend/invest more than you can just allow yourself to loose like for fun anyway. In any way do not take any loans for that matter and everything else like that. Only invest by your means. Go for reputable broker with real life reviews which can be verified.
 

larry_009

Trader
Jul 9, 2019
30
0
7
34
What are your golden rules, that you always abide by, when trading???
As a trader, my book of golden rules includes the following:-
  • I make sure I follow my trading routine everyday, beginning from the pre-market research till the EOD hours.
  • I try to trade the maximum during the first three hours of every major trading session
  • being disciplined is quintessential if you want profits to come in. Therefore, do not be over-excited while trading.
  • I stick to one trading plan only. Frequent switching over between plans can be dangerous.
  • Last, I never chase the markets. Never try to catch every opportunity. Patience is the key.
 

Ray316

Trader
Aug 27, 2019
10
4
8
41
Never Trade When Tired
Never Trade When Mad/Sad/Overly Emotional
Never Try to win back a loss
Stick To the Plan - ALWAYS!
Never break any of the above rules
 
Aug 16, 2019
32
2
24
Cardiff
Set trade
Leave trade play out and hit SL or TP
Think bigger picture
Learn risk to reward and money management
set your SL further away than everybody else :p

All I can think of for now :)
 

walpants

Trader
Feb 10, 2019
66
8
9
44
i have a new one, never try and force a trade if it isnt there be patient and let it come to you
 

Petez_FX

Trader
Aug 13, 2019
81
15
14
28
1. Risk Management.
2. Don't enter a trade unless confident.
3. Don't over trade.
4. If the market isn't going your way, get away from the charts for the day and start again the next day.