Dear All,
I trade for living , how here's how i try to do it with some rules that i follows regularly.
1. Have Trading Plan
2. Think in Terms of Probabilities
3. Know Your Time Frame
4. Define Your Risk
5. Always Place a Protective Stop
6. Your First Loss Is Your Best Loss
7. Never Add to a Loser
8. Don’t Overtrade
9. Keep Good Records and Review Them
10. Add to Your Winners
11. Use Multiple Time Frames
12. Know Your Profit Objective
13. Don’t Second-Guess Your Winners
14. Know the Limits of Your Analysis
15. Trade with the Trend
16. Use Effective Money Management
17. Know Your Ratios
18. Know When to Take a Break
19. Don’t Trade the News
20. Withdraw Equity Regularly
21. Be a Contrarian
22. Study Winning Traders
23. " Be a Student of Yourself "
Thanks & Regards
Abhay Mehrotra
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