Trading Rules

Posted by bennq | Forex | Tuesday 13 October 2009 9:59 am

As a  Trader, I have few rules. I already post my rules before, in this post I add a little. I am a trend trader, I already read many books about trend trader. I like turtle trading rules, but I didn’t implement all the rules as it is. I adjusted with my own needs and trading style.


And this are my rules:
First, make your trade as simple as it can be. Make your trade simple and easy to understand. I don’t like complexity, so I used few indicators. Right know I used 3 indicators. More indicators mean more problem, because different indicator showed different signal, and it made our trade complicated.
Do not enter the market when you were mad, sad, confuse, or any other emotional situation. When we were in the situation, we cannot see the market clearly. Our mind was control by the emotion, we cannot think rationally.
I often trapped and made silly mistakes in the emotional situations. I realized that I should learn more about this. Happy trading :)

Related posts:

  1. My Trading Rules
  2. Rest from trading
  3. Trading Result
  4. Profit ended with bad trade
  5. 12by12day changed their rules

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