1- If you ever have two trades that result
in losses back to back in a single day then shut down your computer
and stop trading for the rest of the day. Yes, you may end up
missing a great trading opportunity, but you’re far more likely to
save yourself from more losses.
2- Be
aware of what news is expected to be released and when. If you are
trading a currency pair that will have significant news released then
be sure to exit the trade before the news happens.
3-Never trade without a protective
stop loss.
4-When in doubt stay out. This means that if you feel uncertain about
a trade then don’t trade.
5-Sometimes
you may think that the market should go in a particular direction.
Only because you end with profit one time from trade doesn't mean you will rich every time.
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