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Aside from psychological aspects of trading what is your #1 trading rule?


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Aside from psychological aspects of trading what is your #1 trading rule?

  #1 (permalink)
 
Everyman's Avatar
 Everyman 
New York New York
 
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Aside from the psychological aspects of trading what is your NUMBER ONE trading rule? For example I'm basically a beginner and mine at this point is always let the price come to you i.e. never chase it.
Thanks in advance and this is my first post.

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  #3 (permalink)
 
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 JonnyBoy 
Montreal, Quebec
 
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Everyman View Post
Aside from the psychological aspects of trading what is your NUMBER ONE trading rule? For example I'm basically a beginner and mine at this point is always let the price come to you i.e. never chase it.
Thanks in advance and this is my first post.

My number 1 trading rule is knowing when to stop trading. This used to be at the bottom of my trading rules, now it is at the top as a sticky.

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 trendwaves 
Florida
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Control Risk, no exceptions.

Be Patient and Trade Smart
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  #5 (permalink)
 Underexposed 
Calgary Alberta/Canada
 
Posts: 934 since Feb 2014

Never be satisfied with the state of your trading strategy. There are always improvements that can be made to make your trading decisions and money management better.

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  #6 (permalink)
 fourtiwinks 
Singapore
 
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Don't move my stop loss - I'm still working on it..

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  #7 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
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Let the market tell you what to do = market is always right.

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 furytrader 
Lake Forest, IL USA
 
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Don't dig a whole so big, you can't get out.

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 rmejia 
Puerto Rico
 
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1. Patience

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  #10 (permalink)
mc3273
dallas< tx
 
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Never move your stops, this seems to be the hardest one for me.

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