***Trading Tips***

5 Reasons why you lose every trade!‼️🎯

Never repeat these mistakes again...

For years, you have dedicated yourself to learn trading & various strategies to improve yourself. Despite all the videos, blogs, articles & all the hardwork you still face losses. Here are some points to minimize your losses & gain Profits:

◼️Do not use multiple strategies across your trades, Using a single strategy across all trades for the day gives you a high winning rate.

◼️ Even with a strategy,always use the basic steps to re-analayze the chart before entering. Crosschecking the chart with the basic support & resistance ,Candle patterns,EMA,RSI chart,FVG to help you increase the probability of winning trades.

◼️Limit the number of trades per day. Do not take unlimited number of trades during your day, limit the trades to 4 or 6, This reduces the risk of losses, always use proper TP & SL to minimise the risks.

◼️Always use a good RR(Risk to reward) ratio, use RR ratio between (2-3),this way even if you lose 4 out of 6 trades, you won't lose a single $.

◼️Never go against the trend ,make sure you always trade along with the trend. Long trends are usually stronger than any short trends, Trading with the trend gives you more winning trades.

◼️Always risk only 1 % of your total balance per trade, For example , if you have 1000 $ ,risk only 10 $ per trade, this way you will avoid the risk of huge losses if you are still in the testing/learning process.

◼️Always backtest your strategies multiple times before using it in real time ,use low amounts initially ,"DO NOT REVENGE TRADE" even in case of loss, always stick to your strategy ,even if you have a loss for the day, after 4 or 6 trade ,just stop for the day and wait for the next day, it is perfectly normal to have losses, Learn to accept losses & learn from your mistakes.

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