humanu

Saturday, February 21, 2009

Start to paper trade first to be familiarized with the trading

1. Start to paper trade first to be familiarized with the trading
platform.
2. Trade less and be more selective per trade.
3. Do not over trade, maximum trades – 70% of funds.
4. Start with 1 contract size and increase slowly.
5. Do not trade during the 1st trading hour.
6. Do not chase, be patient – Wait.
7. Make sure all the signals are in line before executing the trade.
8. Don’t trade the news.
9. Never average down your losing position.
10. Cut you losses quick and without hesitation.
11. Always use protective stops.
12. When losing bad, stop trading, take a small break or back to
paper trade.

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