TRDING STATEGY IN FINANCIAL MARKET:
In the financial market only 15% of traders make profits in trading due adherence of disciplined, control over emotion and good risk management.
Golden Trading rules to follow in any financial markets (Save on trading desk)
§ Never risk more than 10% of your trading capital in a single trade:
§ Always use stop loss orders
§ Never do overtrading.
§ Never let a profit run into a loss.
§ Don’t enter a trade if you are unsure of the trend.
§ When in doubt, get out, and don’t get in when in doubt
§ Only trade active stocks.
§ Never average a loss
§ Never get out of the market because you have lost patience, or get in because you are anxiously waiting.
§ Avoid taking small profits and large losses.
§ Never cancel a stop loss after you have placed it
§ Avoid getting in and out of the market too soon.
§ Be willing to make money from both sides of the market
§ Never buy or sell just because the price is low or high
§ Never hedge a losing position
§ Avoid trading after long periods of success or failure.
§ Don’t try to guess tops or bottoms.
§ Don’t try follow a blind man’s advice.
§ When you lose don’t blame it on luck.
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