!!! #3 TRADING RULE !!!
Never, and I mean NEVER EVER EVER trade without a protective
stop loss. Period. This applies to ANY trading strategy you use.
!!! #4 TRADING RULE !!!forex sato
When in doubt stay out. This means that if you feel uncertain about
a trade then don’t trade. You don’t have to trade everyday. In fact
it’s not a good idea to trade everyday because there are days that the
market hardly does anything interesting. If you don’t see any good
trading opportunities then simply pass on trading. Trading just for
the sake of trading is just plain stupid. Wait for a good opportunity
to come up. You’ll be well rewarded for your patience.
!!! #5 TRADING RULE !!!..forex sato
Don’t marry a trade. Be willing to change directions. Sometimes
you may think that the market should go in a particular direction.
Sometimes the market will seem to defy you by doing something
different. When the “reasons” change, whatever indication you
thought you saw, then go with the change rather than insisting that it
should be your way. Keep your mind open to seeing what is going
on, as you may realize that everything now looks good to trade in
the opposite direction. Only by being flexible, mentally, could you
catch an excellent trade that may be opposed to your original
analysis (but of course your new decision must be based on a good
strategy).,..forex sato
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