Technical analysis or market timing is not the only key methods to successfully trade or invest, its a combination of pre-defined set of rules of risk management principles for losing trades and the ability to have the patience with your winning trades.
RMS rules for Intraday traders:
1) Risk 1% of the account size on each trade, not more not less.
2) Find maximum 3 trading opportunities each day. Make sure you find those high probability trades and place 3 trades on each trading day.
3) Risk/Reward at 2:1.
4) ALWAYS PLACE A STOP LOSS. Placing a stop loss separates a novice from a professional.
5) Do not forget rule no.4
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.