#My 10 rules!!!
I often see screenshots of trades with huge losses compared to the Margin. Questions asked a million times "Help me what to do?" Here is the proof that you can double a 200USD account with the proper strategy and rules!
1). Don't trade without stop loss.
2). Have daily trading amount limit. If you lost it walk away!!!
3). Take realistic profits.
4). Familiarize yourself with the risk/reward ratio concept. (You need at least 5x for long term profitability).
5). Don't overtrade. Know when to stop for the day!
6). Don't gamble. Have a plan, execute the plan.
7). Write down your entry and exit ruleset don't just play it out in your head.
8). Watch the charts even if you are not trading. None stop watch the charts and movements. Your brain will save the patterns.
9). Don't trade if you have personal life issues. Yiu had a fight with a loved one, friend, frustrated by work, etc. Trading is not an escape!!!
10). Don't trade with money you don't have. THIS IS THE MOST IMPORTANT!!! Only trade with money you are comfortable losing!
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