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Single most important rule of trading


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Single most important rule of trading

  #51 (permalink)
 
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 Silver Dragon 
Cincinnati Ohio
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Key to trading: Realizing you have no control over what is about to happen.

Robert

nosce te ipsum

You make your own opportunities in life.
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  #52 (permalink)
 
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 New Level 
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- Know yourself.

-Trading is relatively easy, everything else is in your head.

-This is unprovable as there is no measurement for knowing yourself and it's a lifelong evolving process with infinite granularity.

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  #53 (permalink)
 Davie 
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In DT or scalping: Most important is to know the S & R with lines on your chart. Only trade when you have enough space to run to the next S & R for your profit ( measured by the ATR, ) If you look at the HH and LL and see the next S & R, you don't really need any indicators, but you do need a higher time frame chart ( 3 times your entry chart ) to see the big picture. But Indicators are very helpful in the process to get use to this set up. This is just my experience.

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Last Updated on February 27, 2020


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