Simple principles for beginners
Hei everybody! Some lessons regarding trading i've learned during years in the shark pool by being clever or dumb ;-) i'd like to share with you - to whom it may concern:
I recommend to newcommers, futures newbies and so on, and for sure for people with "soft" principles:
"Only trade what you see and not what you think or hope to happen in future - It's no gamble, it's expertise and analysis, and you aren't a wizard",
"Never risk more than 2% loss in one trade (decide about AND KEEP A STOP LOSS. DON'T CHANGE IT BECAUSE OF HOPE)",
and finaly my favourite one
"Take even the smallest profit - Live with the kickout, as it only occurs because you've sc...ed up the entry)" (This probably sometimes ceases cosmic profits but makes sure profits. The cosmic ones you produce with mint entries)
Why do i write it? : Why not to profit from each other, share knowledge and provide help, instead of profiting only from the market?
So please share this content with novices and anybody in need of probably helpful principles - Thank you!
(Flolow me for a compilation of (funny or „cruel“ if you did this mistake) sayings and mistakes regarding trading. To be published soon 😉…)
Yours sincerly - T4P
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No financial advice. DYOR