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Very Important Trading Tips:

Discussion in 'Forex Articles' started by 99pips.com, Jan 13, 2010.

  1. 99pips.com

    99pips.com Recruit

    Jan 13, 2010
    Likes Received:
    Emotions barriers: (when we have a system)

    1) We trade what our strategy dictates, NOT WHAT WE THINK WILL HAPPEN NEXT.

    2) Create Solid stop & limit levels, place them and leave computer till you develop confidence.

    3) Your self esteem cannot be tied into your trading. You cannot feel great one day when you made money and feel really bad the next day when you lost. This is what Mrs. Ruth Barrons Roosevelth said in an article called: “trading without ego” : ” Self concept has to be strong and durable and not at the mercy of the current, last or next trade.”

    4) Do not let the market dictate or affect your personal life.

    5) ONLY EXPERIENCED trades can fulfill your confidence…

    6) Completely detached from anything else that is not part of the trading system you have chosen.

    7) Do not say anything or dream about your future profits! Control yourself. Take the trade and manage it professionally, without any expectations.

    8) You cannot get angry when trading!

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