Well, there is no such rule that guarantees you a risk-free trading. But, here are some golden rules that can improve the chances of a successful trading. So, if you want to become a professional and triumphant trader, you should follow these rules.
1. Be Consistent:-
In this, you have to pre-define all the possible situations which you may face during trading. Moreover, we know that it is not possible for you to monitor each move, adjust every stop and close out every trade. Therefore, you have to select an optimal trading platform, according to your trading assets, for example the best stock trading platform for stock.
2. Don’t take too much Risk:-
It is an idiotic option to invest a large amount of money on trading. Hence, you must only risk 1-3% of the available capital on any individual trade. This prevents you from huge financial loss, if you lose in trading.
3. Only trade positive expectancy systems:-
In trading terms, expectancy refers to a calculation of profit or loss on each trade divided by the initial risk and an average of a series of trades. If this calculation gives you a positive number, that means you can make money, else negative expectancy will lead to loss of money.
Thus, these rules will assist you to improve your trading performance.
1. Be Consistent:-
In this, you have to pre-define all the possible situations which you may face during trading. Moreover, we know that it is not possible for you to monitor each move, adjust every stop and close out every trade. Therefore, you have to select an optimal trading platform, according to your trading assets, for example the best stock trading platform for stock.
It is an idiotic option to invest a large amount of money on trading. Hence, you must only risk 1-3% of the available capital on any individual trade. This prevents you from huge financial loss, if you lose in trading.
3. Only trade positive expectancy systems:-
In trading terms, expectancy refers to a calculation of profit or loss on each trade divided by the initial risk and an average of a series of trades. If this calculation gives you a positive number, that means you can make money, else negative expectancy will lead to loss of money.
Thus, these rules will assist you to improve your trading performance.
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