related books more effectively than this, but the list below will make you understand the concept of being a rational trader quickly. I think things are fundamental, but at the same time, they are something a good trader follows daily.
Besides, this list is for day-trading strategy, not for long-term investors.
- Do not be emotional
- The smaller size of a position might be good for you
- Do not get into a position without deciding loss-cut line.
- No trade is recommended right after you close a position
- Averaging down is a sin
- Work along with the trend
- Too much amount of position is not recommended
- You are making money while you wait for the opportunity
- Do not follow them
- Loss cut is your friendly Guardian
- Don't catch a falling knife
- No overtrading, which is pretty much idiotic
- No revenge trading
- No trade is allowed right after waking up in the morning
- Set the stop order all the time
- Do not take a risk just because you have plenty amount of profit you have made so far
- Have a meditation after losing your capital
The order is random, and every element in the list is equally important.
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