"The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless"
Trading Tips
1) Back test and find your edge
2) Experiment and master different strategies and apply those to different time frames, so that your strategies produce enough setup each day in order to avoid taking trades out of boredom or frustration.
3) Make sure your average winners are at least 2R
4) Make sure your average losers are less than 1R
5) Don't widen your stop loss, instead tighten it once market is moving in your direction
6) Apply sound risk management, take singles and slowly build your equity rather then looking for home run
7) Take your share from the market and only be concerned of the price action when you are actively trading don't get worried what price does when you are not trading.
Trading Tips
1) Back test and find your edge
2) Experiment and master different strategies and apply those to different time frames, so that your strategies produce enough setup each day in order to avoid taking trades out of boredom or frustration.
3) Make sure your average winners are at least 2R
4) Make sure your average losers are less than 1R
5) Don't widen your stop loss, instead tighten it once market is moving in your direction
6) Apply sound risk management, take singles and slowly build your equity rather then looking for home run
7) Take your share from the market and only be concerned of the price action when you are actively trading don't get worried what price does when you are not trading.
