SOME WORDS FOR NEW TRADERS:
Updated
SOME WORDS FOR NEW TRADERS:
1. Learn from the Ideas in tradingview, pay attention to trading logic (why did this author want to long/short? )
2. if you can not understand the idea, or u disagree the idea, then dun trade it.
3. if you want to trade based the author's idea, make sure u make a very detail trading plan for yourself. the entry, the stop loss, the profit taking level.
4. per trade pls dun risk more than 2% of ur account balance. i.e. u have 10k account, each trade's max loss should be 200. then u use this formular.
lot size = 200 / (( Entry - stoploss)*pip value) ,
for example, entry - stoploss is 10 pips, per pips value is 10 usd. so 200/ (10*10)= 2 lot.
5. dun trade without a plan.
6. dun trade too many pairs at same time. 3 will be enough.
7. check economy calander
8. dun be greedy so that u always buying high.
9. dun be panic so that u sell low.
10. learn some trading skills and dun treat trading like a mouse-clicking game, one click u buy ,one click u sell, u really think trading is that simple?
11. prepare a trading log for yourself, record down ur thouhts and ur progress every day.
12. focus on doing right thing, not focus on making money.
13. reward/risk ratio should be at least more than 2:1
14. stay calm, dun be emotional.
15. plan your trade and trade your plan.
GOOD LUCK, HAPPY TRADING.
JACK ZHANG
1. Learn from the Ideas in tradingview, pay attention to trading logic (why did this author want to long/short? )
2. if you can not understand the idea, or u disagree the idea, then dun trade it.
3. if you want to trade based the author's idea, make sure u make a very detail trading plan for yourself. the entry, the stop loss, the profit taking level.
4. per trade pls dun risk more than 2% of ur account balance. i.e. u have 10k account, each trade's max loss should be 200. then u use this formular.
lot size = 200 / (( Entry - stoploss)*pip value) ,
for example, entry - stoploss is 10 pips, per pips value is 10 usd. so 200/ (10*10)= 2 lot.
5. dun trade without a plan.
6. dun trade too many pairs at same time. 3 will be enough.
7. check economy calander
8. dun be greedy so that u always buying high.
9. dun be panic so that u sell low.
10. learn some trading skills and dun treat trading like a mouse-clicking game, one click u buy ,one click u sell, u really think trading is that simple?
11. prepare a trading log for yourself, record down ur thouhts and ur progress every day.
12. focus on doing right thing, not focus on making money.
13. reward/risk ratio should be at least more than 2:1
14. stay calm, dun be emotional.
15. plan your trade and trade your plan.
GOOD LUCK, HAPPY TRADING.
JACK ZHANG
Note
Glad to see a lot of response. Where there is a will, there is a way!
More Discussion:
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
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