TRADING
PHILOSOPHY / PRINCIPLES OF TRADING
There are some basic tips
to follow in order to be successful. Following these guidelines helps you
prevent losses. So just follow my instructions.
1. Do your homework. Make
a plan. Decide what you are going to look for. Plan the trade.
2. Trade the plan. Once
you have decided to follow a certain strategy, stick to it. If the strategy is
sound and backtested, you will make money.
3. Don’t be greedy. Set a
daily target and be realistic about it. Don’t try to regain all your losses in
one trade. Such attempts usually fail. If you hit your target profit, take it.
4. Be patient. Every
trader has losses. But if you stick to my guide you will always have 90%
winning. I have tested and tested my strategies and it brings me at least
winning monthly. If you miss a day trade that suddenly looks like a winner, do
NOT panic and try to jump in late. Tomorrow is another day.
5. Capital preservation is
the goal. Capital takes time to accumulate, but can disappear extremely fast if
you are greedy. Don’t use more than 2-5% of your capital on one trade. That
means use only about $2-$5 for trade on $100 capital in your account.
6. When you get a signal
to trade, do so immediately. When delay, it may not give you he required
profit.
7. Never trade when you
are depressed, ill, tired or provoked.
8. Always trade in a calm
and conducive environment.
9. Trade confidently.
Never trade with FEAR.
10. Never trade when
server or network is affected.
