From my side; always use Stop loss and Take profit in your trading! It’s not easy to control your emotions! So, be sincere on your trading plan! There is no way to make 100$ money in your all individual trade position! Be realistic!
tips for become a good trader?
- Thread starter Mauwebluefinger
- Start date
Yes, this way we can save ourselves from blowing our accounts.
Absolutely, trading without Stop Loss means we are taking 100% risk ratio in our individual trade position! On the other hand, SL is an important parameter of money management rule!
Have a job, trade at night.
The whole game of trading is premised upon how good you are in making profits and managing losses. Here are some tips that you can use to become a good trader:
Trade only when you find potential trades
Create a trading strategy and always stick to it
Don’t risk more than 2% of your margin in a trade
Don’t trade to compensate for your losses
Use risk management strategies such as stop-loss for every trade
Trade with strategies and not emotions.
Trade only when you find potential trades
Create a trading strategy and always stick to it
Don’t risk more than 2% of your margin in a trade
Don’t trade to compensate for your losses
Use risk management strategies such as stop-loss for every trade
Trade with strategies and not emotions.
To become a good trader, stop thinking about money. Detach yourself from the shackles of profits and loss. Set small goals that will help you improve your skills and not the ones that will help you earn a little extra in the short run. Try to see the bigger picture and ignore all the noise in between and you will eventually win as a trader.
are you a part time trader? how long it has been?
as a part time trader that is really challenging to keep continue in trading with successfully.
yes it is. it is rarely found to find someone who got success from there as a part timer.
Trading skills can only be improved through consistency. Set rules for yourself and stay disciplined when it comes to following them. It will eventually make you a better trader over time. All this while, focus on preserving your capital because you will never be able to trade if you lose all your money.