A few of the principles that I trade by
Topic: A few of the principles that I trade by
#1 Do not let your account get wiped: When I started trading, I traded $1000 at 0.01 (volume).This helped me to get used to the
emotions that goes with trading, without getting my account wiped within a few days. When I got more used to the trading I
moved the volume up 0.01 at a time. In the beginning you will not make money, but stick with it and the money will come.
#2 Trade as if you have someone you have to give account to. I told myself that I have a very angry boss to whom I have to give
account to if I made a stupid trade. This helped me to make sure of my trades; else my boss is going to fry my behind.
#3 A good system is better than immediate cash flow: When you did your homework, believe in your trade and yourself, even if it
does not give an immediate cash reward.
I trust that this will help you as much as it helped me.