Ten Things Traders Need to Start Doing to Make Money
From newtraderu.com
Take your stop losses when they are hit, holding and hoping drains your money and your emotions. Never enter a trade without and exit plan, you need a stop loss for losing trades or a trailing stop for winning trades, and possible target areas where it is time to prepare an exit. Only take the best trade set ups, be patient, do not trade for the sake of trading. Trade smaller position sizes, most traders need to be trading MUCH smaller so they don’t give back all their profits in one trade. Go back and study historical price action for your markets. Study charts on different time frames with different indicators, ...
(full story)