Saturday, 3 March 2012

My tips on being unemotional in trading


a.Be a systematic trader and take position based on signal.

b.Take position and stay away from market.

c.Don't day trade.

d.Trade in portfolio and not single instruments.

e.Trade with additional money & not scared money

f.Do not have any expectation on the market, it gives what it want to gives.

g.Always remember that market will always want to hurt us emotionally, financially & full of surprises.

h.Trade with the right size that we will not worry us on margin call.

i.Have confidence with the system that we use, and this confidence only come after we trade/test the system for certain period of time either

j.Mix with the right group of people & stay away from day traders & losers.

k.Apply "Trend Following" in your system instead of day trading, Elliot's Wave, Fibonacci, candlestick etc.

l.Plan the trade & trade the plan



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