There are many ways to be successful in trading, each trader has his own success story. But to complete your story as a trader, here we summarize and share tips and how successful the world's veteran traders who have lived life as a trader (trading for living)
PLAN FOR TRADING AND GIVE A GOOD DESCRIPTION
In this first tips you should do some things, including you should really know when you should:
Open a position either buy or sell
Determine the stop loss number and also take profit that fit
Determine your risk management strategy in case the trading does not go as expected
FOLLOW TREND, DO NOT AGAINST TREND DIRECTIONS
Trend is your friend, this term is true and there are no exceptions here. Never once against the market trend because when you do you are out of the right trading rules. Post buy when price moves up and post sell when price goes down, counter trend (against trend) sometimes do some trader but the percentage of failure is high enough, although there is also true. But do not once gamble with money trading because it will bring bad impact.
PLEASE AND REMAIN YOUR GOOD CAPITAL
Do not let the capital until completely run out, keep your capital in the range of 10-50% so that when there is a loss you do not need to put too much capital. And if you suffer a loss of 20-40%, you should pause for cooling down and never once enter the capital and entry market once again. Because at times like this your trading psychology is in a bad enough condition and you will only revenge your losses and soon turning the capital.
Restore your trading psychology with a demo trading first, when it is ready and good new you enter the market once again.
NEVER LESS TO DO CUT LOSS
Most of the traders always love to cut loss when the position is opened wrong, traders tend to wait for prices to reverse direction and their positions do not experience loss. But usually that happens is the loss will be bigger and bigger, at this time like there is still a trader who assumes that the price can still turn around again and continue to wait for the price to reverse direction without he realized that the direction of the trend has changed.
If you have this prepared to prepare to suffer a considerable loss.
DO NOT ENHANCE EMOTIONS AND GREETY GUYS
You must really discipline in trading, when the daily targer or even your monthly target has been reached then all you have to do is get out of the market and enjoy your life. Do not once rush to get into the market and provoke the greedy nature inside, because it will be very bad impact and can only you regret later.
BE A SMART TRADER
A successful trader does not just rely on technical analysis alone, they also have to master fundamental analysis, this means you must always follow the daily fundamental news news as well as follow the economic calendar for the continuity of your trading account.
MAKE A JOURNAL TRADING
Here you can see a record of your income statement, and most importantly you can see when you suffer a small loss to a considerable loss. This is where a trader must learn from his mistakes so as not to repeat the same mistakes in the future.
DO NOT ONCE MARKET ON SIDEWAYS MARKET
Markets that sideways give a sign that when the market is experiencing confusion will be bullish or bearish. Speculation will not solve your problem you can just wobble for a few days until the market finds its way back.
Do trading when you are absolutely sure of your trading and sure where the price will move. Unless you are really in charge of trading techniques when sideways then you can just go into the market with a note you can not take maximum advantage.
PLAN FOR TRADING AND GIVE A GOOD DESCRIPTION
In this first tips you should do some things, including you should really know when you should:
Open a position either buy or sell
Determine the stop loss number and also take profit that fit
Determine your risk management strategy in case the trading does not go as expected
FOLLOW TREND, DO NOT AGAINST TREND DIRECTIONS
Trend is your friend, this term is true and there are no exceptions here. Never once against the market trend because when you do you are out of the right trading rules. Post buy when price moves up and post sell when price goes down, counter trend (against trend) sometimes do some trader but the percentage of failure is high enough, although there is also true. But do not once gamble with money trading because it will bring bad impact.
PLEASE AND REMAIN YOUR GOOD CAPITAL
Do not let the capital until completely run out, keep your capital in the range of 10-50% so that when there is a loss you do not need to put too much capital. And if you suffer a loss of 20-40%, you should pause for cooling down and never once enter the capital and entry market once again. Because at times like this your trading psychology is in a bad enough condition and you will only revenge your losses and soon turning the capital.
Restore your trading psychology with a demo trading first, when it is ready and good new you enter the market once again.
NEVER LESS TO DO CUT LOSS
Most of the traders always love to cut loss when the position is opened wrong, traders tend to wait for prices to reverse direction and their positions do not experience loss. But usually that happens is the loss will be bigger and bigger, at this time like there is still a trader who assumes that the price can still turn around again and continue to wait for the price to reverse direction without he realized that the direction of the trend has changed.
If you have this prepared to prepare to suffer a considerable loss.
DO NOT ENHANCE EMOTIONS AND GREETY GUYS
You must really discipline in trading, when the daily targer or even your monthly target has been reached then all you have to do is get out of the market and enjoy your life. Do not once rush to get into the market and provoke the greedy nature inside, because it will be very bad impact and can only you regret later.
BE A SMART TRADER
A successful trader does not just rely on technical analysis alone, they also have to master fundamental analysis, this means you must always follow the daily fundamental news news as well as follow the economic calendar for the continuity of your trading account.
MAKE A JOURNAL TRADING
Here you can see a record of your income statement, and most importantly you can see when you suffer a small loss to a considerable loss. This is where a trader must learn from his mistakes so as not to repeat the same mistakes in the future.
DO NOT ONCE MARKET ON SIDEWAYS MARKET
Markets that sideways give a sign that when the market is experiencing confusion will be bullish or bearish. Speculation will not solve your problem you can just wobble for a few days until the market finds its way back.
Do trading when you are absolutely sure of your trading and sure where the price will move. Unless you are really in charge of trading techniques when sideways then you can just go into the market with a note you can not take maximum advantage.
Comments
Post a Comment