Trading Tips

in #trade7 years ago

-Fundamental analyzes tell you what to buy. Technical analyzes tell you when to buy.

-Agree with the ideas, not the people.

-Don’t be married to any coin, position, or idea.

-Much of the trading-related social media trolls are noise. Ignore them. #DYOR

-Stop losing your time to thinking about rationalize everything on market.

-Don’t let the market play with your mind. Stick to your trading plan.

-Trades should end in 3 ways: Big Win, Small Win, Small Loss

-A big loss will ALWAYS be more emotional than a big win.

-Zoom out first. Zoom in later.

-If you open a trade based on a high timeframe signal, don’t self-sabotage and close that trade based on a much lower timeframe signal.

-Don’t scalp the counter-trend.

-Repeat after me. “The trend is my friend”.

-Expect consolidation after large price movements, not continued volatility.

-Start trading using high leverage and small position sizes. This tests the quality of your entries.

-FUD (Fear, uncertainty, and doubt) are great for panic buying and selling.

-“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” ― Warren Buffett