Thread: 9 Thumb Rules to Be Followed for Profitable Experience

1. Stick to Your Goal
Be vigilant about your investment. Several traders face this situation where the points rise high and all of a sudden it drops down drastically. To avoid this, set a trailing stop. Be sure to move your stop to breakeven as soon as you reach the target.


2. Put Your Impulse Aside


Novice traders are always fond of watching the trade raising and market working out in favor of them. What they fail to remember is that they are just one or few trades away from losing everything, while a logical trader loses several times and practices losses. What is to be noted is that, a logical trader is practicing to incur and limit his losses which can be seen missing with an impulsive trader.

3. Trade Fundamentally While Enter Trade Technically
Fundamental analysis using indicators help you draw a clear picture of the market, while technical gives you a hint of when to enter and when to exit. Therefore follow the market and keep yourself technically abreast as well for a sensible and successful trading.

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I agree with this post. It is really very important to stick to your strategy and be disciplined in trading. Set aside all emotions in trading and always have good money management.