Good Day Seniors,
First, apologize for my lack of English
I have been here for a while.. please let me share my personal experience (hope will give you all some point of views)
As shown in my trading explore, my past performance indicates my steps by steps until this time. I faced many losses (even get margin call, lose all of my balance). Slowly, I improved my trading and finally.. as You can see. Do you know, I am using the same trading system ! I made improvement in my trading style.. and the conclusion are...
Discipline
This is very important. However profitable your trading system is, without a discipline you will get serious problem in future. In my point of view, We do not need a holly grain trading system (believe me, there is no "monster" like this), just pick up one of many trading systems that available in this great forum, apply it with discipline. The simple rule of discipline base on my experience is " trade what You see not what you think "
Money Management
Use a wise money management. It depends on your investment characteristic. Many experts advise never risk your money more that 3% of your balance. For me, I put 10% risk of my current balance - I am an aggressive trader, don't imitate it - , but some times I broke this rule and it hurts me in past (margin call). Discipline not only required in using your trading system but also in money management. Believe me, with 70 - 80 % winning rates of trading system combining with wise money management will give you significant result in future.
Trading system
In my point of view no need holly grail trading system or "funny ads" about trading system that claimed profitable or bla bla.. just pick up a trading system (you can find in this forum easily ).
at the last...
I create a Darwinex account, and it is my project (as a challenge).
While I am writing this post, i am still learning how to be a discipline trader since in some moment i feel just get "lucky moment" than a consistent performance.
Thank you, hope it can be inspiring you especially for traders who are in negative performance as what I faced in past.
Never give up.. all will be profit at the right time
and.. complete above tips with "compounding" secret... You will be surprised !
First, apologize for my lack of English
I have been here for a while.. please let me share my personal experience (hope will give you all some point of views)
As shown in my trading explore, my past performance indicates my steps by steps until this time. I faced many losses (even get margin call, lose all of my balance). Slowly, I improved my trading and finally.. as You can see. Do you know, I am using the same trading system ! I made improvement in my trading style.. and the conclusion are...
Discipline
This is very important. However profitable your trading system is, without a discipline you will get serious problem in future. In my point of view, We do not need a holly grain trading system (believe me, there is no "monster" like this), just pick up one of many trading systems that available in this great forum, apply it with discipline. The simple rule of discipline base on my experience is " trade what You see not what you think "
Money Management
Use a wise money management. It depends on your investment characteristic. Many experts advise never risk your money more that 3% of your balance. For me, I put 10% risk of my current balance - I am an aggressive trader, don't imitate it - , but some times I broke this rule and it hurts me in past (margin call). Discipline not only required in using your trading system but also in money management. Believe me, with 70 - 80 % winning rates of trading system combining with wise money management will give you significant result in future.
Trading system
In my point of view no need holly grail trading system or "funny ads" about trading system that claimed profitable or bla bla.. just pick up a trading system (you can find in this forum easily ).
at the last...
I create a Darwinex account, and it is my project (as a challenge).
While I am writing this post, i am still learning how to be a discipline trader since in some moment i feel just get "lucky moment" than a consistent performance.
Thank you, hope it can be inspiring you especially for traders who are in negative performance as what I faced in past.
Never give up.. all will be profit at the right time
and.. complete above tips with "compounding" secret... You will be surprised !
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