Thursday, August 17, 2017

RULES FOR FUTURE TRADING

     
      Continue to hold wockpharma buy call given in our last post
     
      1. Stay out of trouble, your first loss is your smallest loss. 
2. Analyze your losses.
3. Survive! In futures trading, the ones who stay around long enough to be there when those "Big Moves" come along are often successful. 
4. If you are just getting into the markets, be a small trader for at least a year, and then analyze your good trades and your bad ones.
5. A speculator should have enough excess margins in his account to provide staying power so that he can participate in big moves.
6.Take windfall profits (profits that have no sound reasons for occurring).
7.Periodically redefine the kind of capital you have in the markets.
8.Do not use the markets to feed your need for excitement.
9.Always use Stop Loss
10.Intraday trading should be done without any ego.
Flexibility and discipline are key for a successful trader.
11.Do not be afraid to be a sheep. Do not overtrade.
12. Take a position only when you know your profit goal and know when to stop if the market goes against you.
13. Use technical signals (charts) to maintain discipline - a vast majority of traders are not emotionally equipped to stay disciplined without some technical tools

2 comments:

  1. Your Blog is too good; you share very good info with us thanks......

    ReplyDelete