TRADING PRINCIPLES THAT EVERYONE SHOULD KNOW. PART 2.

Dec 7, 2021

Hello traders!
Today we will continue to explore the principles that every trader should know and do.

READ THE NEWS.
The impact of news on ALL markets is enormous.
Every news can turn the market against you and break any trading plan.
Read news, professional analytics, reports, any information that may be useful.
You should always be up to date with the latest news in order to correctly assess future movements.

MAKE A TRADING PLAN.
Every trader should have a well-built strategy and a clear plan of action.
Before each trading session, the trader analyzes the market and outlines the possible direction of the market and opportunities for opening positions.
Even before the market opens, you should be ready and know what you will do.
After each trading day, you have to analyze positions and work on mistakes.

BE RESTRAINED AND DISCIPLINED.
Do not give in to emotions.
Don't go into a new position often.
Don't change your mind every five minutes.
Don't forget about the risks!
A good strategy will help you not to drown in this emotional storm.

ACCEPT YOUR LOSSES AND MOVE ON.
There are thousands of profit opportunities on the market every day.
But if you lose all your money in the pursuit of winning back the lost money, you will not have the opportunity to trade for a long time and will not have the opportunity to become a successful trader.
Trading is a long distance where you need to be able to stay on track, be able to accept losses and move on.


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻