Become a trader Yak | www.ltc.lviv.ua - Lvіvsky Club Treyderіv
1. Trader, know yourself. Successful trading - a 97% understanding container homes and use of their own strengths and weaknesses. If you constantly engage container homes in transactions that do not use your strengths, you will lose money.
2. Invest your money and not your "ego". Even the most carefully constructed system can suddenly make you the wrong way. Conditions change. Markets change. And even a system that works perfectly, can fail because of such changes. Always be ready to adapt. If you are not willing to change their attitudes, container homes it can cost you dearly. Never let your deal to become "investment" simply because you are unable to understand the market changes.
3. Keep a trading journal. It is very difficult to learn from mistakes container homes if you do not remember them. Always keep a record of your past failures and successes at hand. Monitor market movements and reactions, and record their observations. Record, as the market moves in certain moments. Such a detailed log is not less valuable than any textbook ever written about successful trading.
4. The position, as if it had the potential to become "the biggest deal of the year." In other words, plan your trades. Do not enter the market until all the details are not thought through and analyze. Wondered how you will add to the open position (the construction of the pyramid). Make a plan and contingencies to exit a trade. Otherwise you will have to lose money.
5. Practice discipline and patience: Wait for the right moment. According to Bill Lipschitz of 250 deals - three you lose money, two will be very profitable, and all the others depend directly on you. Expect and monitor composite trends: strong action, strong container homes group / sector, a strong market. Wait for the moment container homes when the component support / resistance levels will be in your favor. Successful trading - this is a business where a lot of time is spent in doing nothing.
6. Open small initial positions. Use the principle of the pyramid to be added to the successful initial position. Once it turned out that you were right in their decision to add their position strategically. As Davy Crockett said, "Make sure you're right, and - go ahead!"
7. Be willing to make mistakes and take a small loss. Trade is trade, markets there are markets and losses are inevitable. However, they are manageable. Put the foot, mentally or actually, and do as planned without hesitation. So you can manage your risk. And the only way to protect your capital and stay in the game.
8. News already on the schedule, and yesterday, and tomorrow. Proponents of fundamental analysis predictably react to the news. Proponents container homes of technical container homes analysis predictably react to the figures on the charts and indicators. If you can correctly read the graph, then you do not need to follow the news, and even worry about what's in the news. Base their decisions on what is happening on the graph, and not on what you think will happen after the news. Forget the news, remember container homes the chart. He has already taken into account the future news.
9. Always a crowd gathers missed container homes the first boat. For example, the first sharp drop in prices (sell-off) will always container homes find buyers, and the first rapid rise in prices (rally) will always find sellers. These "reaction" is almost always temporary. Plan on the first purchase of a new high rebound and sale on the first bounce from the new minimum.
10. Large volumes kill the prevailing trend. Always remember that it is possible climax (too high) or too new rise of a strong collapse. Such climactic ups and collapses throw from the market and buyers and sellers. After such breakthroughs market container homes is usually included in the lateral movement.
11. Use the moving foot, if the market goes in your favor. Not to close the position too early or too late, mentally set the stop at 10-15% of the current market price or slightly more recent highs or lows, or better yet, at the current levels of support / resistance. After that only correct target level. container homes
12. Always, always protect your capital. Cut small losses. The most important principle - be intolerant with losses. As always, small losses and rapid loss - is the best loss. These are not the losses, which are necessary to pay attention. Much worse experience psychological pressure on maintaining a losing position. Practice the complete risk management.
13. Never, never add to a losing position. If you build a pyramid of long positions, the price of each new purchase must be greater than the previous one. If you add to the short position, the price of each new sale must be less than the previous. This is a mandatory rule.
14. Do not try to "catch a falling knife." On the contrary, wait a few days - a strong recovery, bounce back and return to the previous E
1. Trader, know yourself. Successful trading - a 97% understanding container homes and use of their own strengths and weaknesses. If you constantly engage container homes in transactions that do not use your strengths, you will lose money.
2. Invest your money and not your "ego". Even the most carefully constructed system can suddenly make you the wrong way. Conditions change. Markets change. And even a system that works perfectly, can fail because of such changes. Always be ready to adapt. If you are not willing to change their attitudes, container homes it can cost you dearly. Never let your deal to become "investment" simply because you are unable to understand the market changes.
3. Keep a trading journal. It is very difficult to learn from mistakes container homes if you do not remember them. Always keep a record of your past failures and successes at hand. Monitor market movements and reactions, and record their observations. Record, as the market moves in certain moments. Such a detailed log is not less valuable than any textbook ever written about successful trading.
4. The position, as if it had the potential to become "the biggest deal of the year." In other words, plan your trades. Do not enter the market until all the details are not thought through and analyze. Wondered how you will add to the open position (the construction of the pyramid). Make a plan and contingencies to exit a trade. Otherwise you will have to lose money.
5. Practice discipline and patience: Wait for the right moment. According to Bill Lipschitz of 250 deals - three you lose money, two will be very profitable, and all the others depend directly on you. Expect and monitor composite trends: strong action, strong container homes group / sector, a strong market. Wait for the moment container homes when the component support / resistance levels will be in your favor. Successful trading - this is a business where a lot of time is spent in doing nothing.
6. Open small initial positions. Use the principle of the pyramid to be added to the successful initial position. Once it turned out that you were right in their decision to add their position strategically. As Davy Crockett said, "Make sure you're right, and - go ahead!"
7. Be willing to make mistakes and take a small loss. Trade is trade, markets there are markets and losses are inevitable. However, they are manageable. Put the foot, mentally or actually, and do as planned without hesitation. So you can manage your risk. And the only way to protect your capital and stay in the game.
8. News already on the schedule, and yesterday, and tomorrow. Proponents of fundamental analysis predictably react to the news. Proponents container homes of technical container homes analysis predictably react to the figures on the charts and indicators. If you can correctly read the graph, then you do not need to follow the news, and even worry about what's in the news. Base their decisions on what is happening on the graph, and not on what you think will happen after the news. Forget the news, remember container homes the chart. He has already taken into account the future news.
9. Always a crowd gathers missed container homes the first boat. For example, the first sharp drop in prices (sell-off) will always container homes find buyers, and the first rapid rise in prices (rally) will always find sellers. These "reaction" is almost always temporary. Plan on the first purchase of a new high rebound and sale on the first bounce from the new minimum.
10. Large volumes kill the prevailing trend. Always remember that it is possible climax (too high) or too new rise of a strong collapse. Such climactic ups and collapses throw from the market and buyers and sellers. After such breakthroughs market container homes is usually included in the lateral movement.
11. Use the moving foot, if the market goes in your favor. Not to close the position too early or too late, mentally set the stop at 10-15% of the current market price or slightly more recent highs or lows, or better yet, at the current levels of support / resistance. After that only correct target level. container homes
12. Always, always protect your capital. Cut small losses. The most important principle - be intolerant with losses. As always, small losses and rapid loss - is the best loss. These are not the losses, which are necessary to pay attention. Much worse experience psychological pressure on maintaining a losing position. Practice the complete risk management.
13. Never, never add to a losing position. If you build a pyramid of long positions, the price of each new purchase must be greater than the previous one. If you add to the short position, the price of each new sale must be less than the previous. This is a mandatory rule.
14. Do not try to "catch a falling knife." On the contrary, wait a few days - a strong recovery, bounce back and return to the previous E
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