!!! #1 TRADING RULE !!!
This is extremely important. If you ever have two trades that result
in losses back to back in a single day then shut down your computer
and stop trading for the rest of the day. Yes, you may end up
missing a great trading opportunity, but you’re far more likely to
save yourself from more losses.
FOREX Surfing Draft ......forex sato
The most important skill for you to develop as a trader is to be
unemotional about your trades. Most people new to trading will
start making huge mistakes when they start getting emotional after
losing money. When you are upset after losses you will begin to do
irrational trades… and end up losing even more.
You’ll try to catch back what you lost. You’ll consider trading
double your regular lots to get back to break even. You’ll trade
without following the proper steps of your trading strategy. You
will curse the markets, and second-guess yourself, thinking that
trading isn’t for you. You’ll make stupid mistakes trying to take
vengeance on the market. Ultimately you’ll end up losing even
more, and will feel like a big time failure. People have wiped out
significant amounts of their accounts on a bad day for this reason
(myself included). It then takes a long time to recover from your
huge one-day losses.
If you are trading money you can’t afford to lose, and you’d feel like
someone kicked you in the stomach if you were to lose, then YOU
SHOULD NOT TRADE.
The best thing to do, and this is the #1 Rule, is to shut down your
computer and forget about trading for the rest of the day if you have
two losses in a row. Take a walk, clear your head, and do
something completely unrelated to trading (don’t go drinking).
Tomorrow is another day for you to make money.forex sato
forex sato

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