Tips to use if you want to be profitable:

1 Always use stop loss orders 🚨

Using a stop loss is mandatory if you want to become a successful trader and if you don't use it you will open yourself up to the possibility that emotion trading may not work out as you initially expected.

"Trading without a stop loss is like trying to drive a car without brakes."

2 Excessive trading 📊

If you want to make large and increasing profits, you need to reduce your trading frequency.

3 Don't resist the trend 🔃

If the market is not showing a clear direction or you are unsure of the trend, walk away. Don't trade against the trend. It can be tempting to try to get the highest or lowest prices on the market, but swim against the current. the current is much more difficult than swimming with it, so make sure you trade with... Market dynamics.

4 You should avoid trading after long periods of profits or losses ✅

One of the reasons you can become a permanently profitable trader is the toughest challenge you will ever face. In a word, it is not that difficult to make a profitable trade or even a series of profitable trades. .

5 Avoid making wrong entries and exits ❌

By using a set of entry strategies, a proper stop loss strategy, and key levels to set profit targets, you can also learn how to enter and exit correctly.