Survival Rules in TRADING ๐๐๐
๐ Survival rules in trading for newbies, if you respect those rules i can make a bet you wound't lose your account as the majority of traders are.
๐ The key word there is IF YOU RESPECT
โ 1. Always trade with a stop loss
โ 2. Have a pre-determined risk on each trade no more then 1%
โ 3. Don't move your stop loss if the price is not going in your favour
โ 4. Don't add to losing positions, only viceversa. Add to your winning positions
โ 5. You have to increase your risk only if you are in profit on your account, decrease your risk when you are losing and increase it when you are winning.
Hope that was usefull for your trading plan.
๐ The key word there is IF YOU RESPECT
โ 1. Always trade with a stop loss
โ 2. Have a pre-determined risk on each trade no more then 1%
โ 3. Don't move your stop loss if the price is not going in your favour
โ 4. Don't add to losing positions, only viceversa. Add to your winning positions
โ 5. You have to increase your risk only if you are in profit on your account, decrease your risk when you are losing and increase it when you are winning.
Hope that was usefull for your trading plan.
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