Lessons I have learned in my trading journey ( 348 )
Lessons I have learned in my trading journey:
- Don't trade everyday
- Don't trade too many similar pairs (correlated)
- Avoid hedging trades
- Don't put my stoploss to tight
- Avoid using big lotsizes(quick way to blow account)
- Have profit targets and don't be greedy
- Accept when a trade moves against my analysis and quickly come out of that trade
- Never hold losses for too long.
- Take only those trades that I'm comfortable about.
- To wait for my 3 confirmations before I take a trade.
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