Crypto Trading 17 Mistakes you should never do and Trading rules

digitalnew (25)in #mgsc • 6 years ago (edited)

Always use stop loss …never exceed that loss level. If you will avoid stop loss, next day market will avoid you. Never risk more than 10 per cent of your trading capital in a single trade.
Always try to build a portfolio.
Remember not all shares will be in profit.
Intraday investment is like full time job….it can’t be done on part time basis…
It is very important to set your target. Booking profits is very important and booking loss at the right time is even more important.
For intraday trading Choose highly liquid (high volume) shares.
Only invest what you can afford to lose.
Don’t fight the market Trend. Always follow market trend.
Small is beautiful. Remember 1% per day ends up approximately 300% pa.
Trade with a calm mind. Use area and endurance as opposed to emotion and panic. While you lose do not blame it on good fortune. Emotion is the enemy whilst trading. If you don’t exchange your mindset toward market, you’ll get the same results what you are getting now.
Never let a profit turn into a loss.
Avoid trading during the first 15 minutes of the market open.[it is my personal opinion].
Practice paper trading for one to six month before actual trading. Study well about the markets, don’t stop studying else you will lag behind others.
Be willing to lose before you can win. Every Loss is markets new lesson to improve your knowledge of market action
Find out which events move Markets. The reaction to news is more important than the news itself.
Never buy or sell just because the price is low or high.
Avoid getting in incorrect and out incorrect; or moving into right and out wrong. That is creating a double mistake.