The following 5 most important trading recommendations would help a bit!
The trend is your friend
In up-trends, buy the dips; in downtrends, sell bounces
Let profits run, cut losses short. Always use protective stops to limit losses and move them only to reduce potential losses or protect newly achieved profits.
Set up your plan before entering the market; don’t trade impulsively
When pyramiding, following these guidelines:
Each successive layer should be smaller than the proceeding one;
Add only to winning positions
Never add to a losing position
Adjust protective stops to the break-even point( or better)
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