Wednesday 18 December 2013

Minimize your risk

You must believe that anything can happen in the market.
Don’t have any pre-conceived ideas about what is going to happen next.
Some advice as to setting up a trading regime:
1-Be absolutely disciplined in every aspect of your trading.
2-Never re-enter a botched trade. When it’s over it really is over!
3-Never hesitate to enter a trade when you have a signal. Do not wait for a low price .
4-Never get out of a winning trade too soon. This often is what you want to do after you have taken a
loss on a previous trade!
5- Make your own rules.
6- Don’t break your rules.

yy 

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