Become a Better Trader
RISK
- Trading is relatively easy if you manage the risk. Think about the next 100 trades.
- Always risk the same amount in each trade (e.g., 2%). One win can cover many losses.
- Place your stop loss based on trade probability.
- Higher probability trades can have larger position sizes and should be backed by strong fundamentals or equity research.
SET UP
- Place your SL mindfully and never change it once set. Exit if price closes beyond it.
- Keep your analysis objective. Avoid subjective bias.
- More subjectivity = harder decisions = mental fatigue.
- Use your capital wisely. Only trade “A” setups.
- Enter the right zone without waiting for confirmation — confidence comes with practice.
- Set layered targets (TP1, TP2, TP3). Big targets can lead to emotional exits.
PSYCHOLOGY
- No FOMO. Be patient. Price revisits zones.
- Be a follower, not a controller. Follow price action.
- Buy when others sell, sell when others buy.
- Ignore momentum hype. Focus on major levels and fundamentals.
- Don't go all-in/all-out. Long-term equity curve should grow gradually.
- Avoid staring at charts. It hurts emotional control.
- Build confidence through consistent practice.
- Don’t trade just because you did analysis. Only trade if criteria are met.
DO’s and DON’Ts
- If no setup, don’t trade — even if the market looks bullish.
- Enter only at good price levels. Never overpay.
- Don’t turn a winning trade into a loss at breakeven.
- Your #1 goal is to preserve capital — profits will follow.
- Trust your analysis. Avoid outside influence (but stay aware).
- Delete low-quality trades. Stay disciplined.
- Journal trades, including wins, losses, and emotions.
- Don’t over-analyze. Make mindful decisions and stick to them.
- Say no to emotional, unnecessary trades. They cost money and peace.
wpDiscuz
