Hi every one! I started this thread because i want share to you my principles which i use in my every day trading. If you like it, ok, subscribe to me and you will receive keys for profitable trade.
No matter the high-quality of your exchange entries and exits, it's miles the overlying principles which you use in your buying and selling so as to determine your success.
While you input a trade, you need to have already got a 50/50 hazard of being right on the course after access due to randomness. Your first job is to carry your win fee as much as a better achievement fee than randomness.
You need to structure your trades in order that your wins are large and your losses are small. A prevent loss will preserve your losses small, and exiting your winning alternate with a trailing forestall will enable you to have big wins. Large wins and small losses could make you profitable despite a 50% or much less win fee.
Change a function size which you are comfortable with preserving, even though it manner losing cash. Hold your internal feelings in check always.
Set your forestall loss a long way sufficient far from your access so that you are stopped out whilst you are incorrect, not because of the normal range of price action.
Alternate inner a time body you are comfortable with.
Exchange a method that matches your marketplace beliefs.
Enter best whilst your prevent loss and your fee goal give you a brilliant danger/praise ratio, wherein the chance is well worth the praise.
Go out a trade while the risk/praise begins to skew in opposition to you.
Exchange quantified alerts that work historically, and don’t depend upon absolutely everyone’s opinions or predictions.
Never lose more than 1% of your buying and selling capital in case you are wrong. Your wins may be as large as you could cause them to.
