Remember Rules Label - incl. Text Function with different colors

Dec 9, 2020

Hi BIG PLAYERS

Each of us makes mistakes and exceptions confirm the rule.

However, if you disregard the rules of trading, you lose your money - without any ifs and buts!

I have therefore created a reminder label for myself, which trading approaches I always want to stick to. These rules serve me as a guideline when I should trade.

Through the permanent reminder I set myself the goal of not trading too early and impatiently. The biggest problem of all traders is overtrading: the constant swaying back and forth between greed and fear. This must always be kept in mind. Because trading is in principle very simple: stick to your own rules. Keep a logbook and for my sake, record every trade as a screenshot in a PowerPoint presentation. Then you can see your mistakes in the past trades and recognize your background, why loss trades have arisen - you can also determine profit trades: As a rule, profits arise when you strictly adhere to your trading rules.

If you compare a company with a trader, then it is generally a similar procedure.

company view

• a company plans its annual development with budget and forecast.
  
• a company compares monthly between actual values and plan values and draws conclusions from the differences.
  

trader view

• a trader should handle and plan his trade with all rules.
  
• a trader should compare the result after the trade with the planned trade and discuss conclusions from possible differences.
  

I hope I could help other traders with this.

Kind regards

NXT2017