Trade Only With The Trend
This is my number 1 and golden rule. The most important rule of my strategy and the backbone of my trading success: Trade only with the trend. It is unacceptable to break this no.1 rule. If I can't stick to this one important rule, then I am no different to the amateur/mediocre trader.
This is the fundamental rule of all; Trade only with the trend. If I can't execute one simple rule, then I am not a professional. It is that simple; Trade only with the trend, nothing more. People lose money because they don't follow this rule, period.
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Explanation:
Do not overlook the most important lesson here in trading. And here is the lesson in bold:
"How can you become a professional trader if you cannot execute one basic/simple rule consistently?"
Please, do yourself a favor... first learn to walk before you try to run.
Success is built upon small steps of achievement. Learn to achieve one task first, then another, then another, then another... and sooner you will meet your success.
You cannot create a sentences or write words if you don't know your alphabet. It will be very difficult and most likely be unsuccessful without knowing your alphabet.
The alphabets are the basics... Trading with the trend are the basics... The difference between a Professional and an Amateur is that a Professional have mastered the basics. How far do you think you will go without mastering the basics?