Important Trading Aspects
Prepare a plan of action for each day when you wake up, mark your levels on your chart and check multiple timeframes of what the market structure is for the current day
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Never be fearful of missing out when going into a trade or when the market is leaving without you or on increased volatility
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You need to have a plan before opening trade - invalidation level -SL and profit levels - TP
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Never add to your loosing position
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Your SL must be respected, never cancel it or move it lower when loosing
🔹
Do not hope, when you start feeling hopeless, it is time to get out of the trade
🔹
When you feel emotions during your trade, your position size / leverage is too big
🔹
Let the winners run longer and cut losers quickly, especially as day-trader or swinger
🔹
Always take your profits on good technical levels, markets can turn on you at any second
🔹
Never be fearful of missing out when going into a trade or when the market is leaving without you or on increased volatility
🔹
You need to have a plan before opening trade - invalidation level -SL and profit levels - TP
🔹
Never add to your loosing position
🔹
Your SL must be respected, never cancel it or move it lower when loosing
🔹
Do not hope, when you start feeling hopeless, it is time to get out of the trade
🔹
When you feel emotions during your trade, your position size / leverage is too big
🔹
Let the winners run longer and cut losers quickly, especially as day-trader or swinger
🔹
Always take your profits on good technical levels, markets can turn on you at any second
