question- what are the things that a trader should never do?

bigdolly

2nd Lieutenant
Messages
1,059
1. Trade without stop loss
2. Trade without well defined risk (potential loss per trade)
3. Trade because he is bored or just want to make "some" money. Every trade is part of a larger plan or a setup.
 

JayJones

Recruit
Messages
300
A trader will always have chanced in market, He should never show that much hurry that his capital will be in danger. Then without analysis trading is useless. Emotions should also avoided while trading they can be curious and passionate but should not be careless. A caring trader is a winner one day becuase he knows the ups and downs of market.
some truth here
 

Albert Dcosta

Corporal
Messages
76
It is safe to act upon rules, because rules can escape them from bad times. A real trader never stops using stop loss he also have a target to make pips but in my view he should do more focus on risk management then gain from market. Any sudden jump is not a right way to get profits only their good work will be appriciated.
 

Albert Dcosta

Corporal
Messages
76
Avoid trading without a stop loss because this will lead you to do martingale and that will be disaustrous for your account and it will be blown in matter of a big move.
 

bigdolly

2nd Lieutenant
Messages
1,059
Avoid trading without a stop loss because this will lead you to do martingale and that will be disaustrous for your account and it will be blown in matter of a big move.
Yes there is 100% chance that sooner or later you will get a trade which will drain your account to zero. WE have to protect ourselves from such events using stop losses.
 

ForexWarrior2020

Corporal
Messages
91
Move a stop loss, enter against your rules and never over leverage your account. If you can master these 3 things you will be successful. The math is in your favour.
 

Dora_WalletInvestor

Private, 1st Class
Messages
60
If you are a beginner, don't quit your job to become a full time trader rightaway. That's very risky if you don't have enough experience and can put pressure on you that will make it harder to control your emotions.
Also, don't let your emotions make decisions for you. Especially don't revenge trade. If you feel heated, take a few minutes to calm down,
 
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