Morning All9 Apr 2019 00:55
Hi Levis thanks for kind words. Ill post up my trading rules mainly apply to my F/X but might be useful for fellow cavers for a perusal............. Just to say they are for me but and DYOR etc
Optimus’s Trading Rules……………….. Up- dated 25/2/2019
1 Never risk more than 2% of your account at one time.
2 Check F/X calendar before entering a trade.
3 Study the trade intimately before entering. (There is no hurry in the forex)
4 Once entered, check for fat fingered trades and close out if necessary
4 Only enter on techs and never on emotion.
5 Always trade with a stop!
6 Once entered never move your stops.
7 Let your profits run and add to the trade if the trend is in your favour don’t necessarily cap your up-side with TP
8 Don’t get stuck on your beliefs re a trade, the market is always right and you are often wrong
9 If it’s going against you get out!
10 if you have 3 losing trades in a row stop trading immediately and check you system take a break and come back with fresh eyes
10 Don’t break your rules! Don’t break your rules! Don’t break your rules!
Optimus’s Contemplations
Be grateful for what went right!! . If it’s gone against you, it’s not because you are a bad trader it’s because the market is dammed fickle! Also remember we are gambling, so sometimes a bit of luck would be nice! Stick to your trading plan and your rules by doing this hopefully this evens up the odds a bit.