Losing Money? DO THIS FOR NEXT 21 DAYS

I am letting you in on how I disciplined myself in trading. Do this for the next 21 days and you will thank me. Follow me for more @Sandhya Mruthyunjaya

In my previous post, i told about #TradeFailures #TradeBible and #TradeJournal. Below is a snippet of my #TradeBible that I followed DILIGENTLY and if possible you should too or change as needed.

1. Never use more than 5% of my futures wallet balance in each trade no matter how sure I am of the trade. 

2. Never hold on to losing trade though you are sure of trend reversal. Your entry was wrong!!!!

3. Have smaller targets. Aiming too high without trailing SL’s gives you nothing. Take partial profits when necessary.

4. Never go beyond 2 simultaneous trades no matter how many opportunities are there in the market. 

5. No more than 6 trades in a day. This is my Stop loss for the day irrespective of whether the trades go positive or negative. 

6. Reflect over the trades taken at the end of each day. 

7. Plan for the next day. Adjust targets if necessary but do not overburden yourself if today was a bad day.

8. Spend time with family and have enough sleep. Tomorrow is a fresh start.