10 Rules For Successful Trading - Investopedia
https://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.asp
OverviewRule 1: Always Use a Trading PlanRule 2: Treat Trading Like a BusinessRule 3: Use Technology to Your AdvantageRule 4: Protect Your Trading CapitalRule 5: Become a Student of the MarketsRule 6: Risk Only What You Can Afford to LoseRule 7: Develop a Methodology Based on FactsRule 8: Always Use a Stop LossRule 9: Know When to Stop TradingA trading plan is a written set of rules that specifies a trader's entry, exit, and money manageme…With today's technology, it is easy to test a trading idea before risking real money. Known as backtesting, this practice allows you to apply your trading idea using historical data and determine if it is viable. Once a plan has been developed and backtesting shows good results, the plan ca…Sometimes your trading plan won't work. Bail out of it and start over.The key here is to stick to the plan. Taking trades outside of the trading plan, even if they turn out to be winners, is considered poor strategy.See more on investopedia.comWhat is a trading plan?See A trading plan is a written set of rules that specifies a trader's entry, exit, and money manageme…With today's technology, it is easy to test a trading idea before risking real money. Known as backtesting, this practice allows you to apply your trading idea using historical data and determine if it is viable. Once a plan has been developed and backtesting shows good results, the plan ca… Sometimes your trading plan won't work. Bail out of it and start over.The key here is to stick to the plan. Taking trades outside of the trading plan, even if they turn out to be winners, is considered poor strategy.
A trading plan is a written set of rules that specifies a trader's entry, exit, and money manageme…With today's technology, it is easy to test a trading idea before risking real money. Known as backtesting, this practice allows you to apply your trading idea using historical data and determine if it is viable. Once a plan has been developed and backtesting shows good results, the plan ca…
Sometimes your trading plan won't work. Bail out of it and start over.The key here is to stick to the plan. Taking trades outside of the trading plan, even if they turn out to be winners, is considered poor strategy.
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