Every trader hates losing open profits. Learn these 5 practical trading tips to safeguard your gains and stop the loss cycle. 1/ Set Profit Targets. Know when to exit. Define clear exit points in advance Set Take profits at predetermined levels Avoid the temptation of waiting for higher gains 2/ Regularly Reassess Trades. Stay on…
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Have you hit a wall in your trading journey? Don’t quit just yet. Here are 5 things you can do to bounce back stronger. 1/ Take a Break. Rest and reflect. Step away from trading to clear your mind Use this time to reassess your goals and strategies A fresh perspective can be enlightening 2/…
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How does a mathematician become a trading legend? Jim Simons decoded it with risk management. Here are his 5 golden rules for managing risk in trading. 1/ “Diversify Your Portfolio.” Spread risk. Invest in different asset classes Avoid concentration in one area Balance across sectors and geographies 2/ “Employ Robust Risk Controls.” Stay safe. Set…
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Overtrading often leads to blowing up trading accounts. Implement these 5 actionable tips to overcome it and become more profitable. Define Clear Trading Rules. Structure your trades. Set specific criteria for entry and exit Only trade when these criteria are met Avoid impulsive decisions Limit Daily Trades. Control your activity. Decide on a maximum number…
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Recognize the Signs.Awareness is the first step. Acknowledge if trading consumes too much time Notice if trading affects your mood excessively Be aware of financial strains due to trading Set Strict Trading Hours.Boundaries are key. Allocate specific hours for trading Avoid checking markets outside these hours Create a balanced daily routine Take Regular Breaks.Rest is…
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How did Ed Seykota consistently beat the market? Discipline. Discover his 5 golden rules for developing discipline in trading. 1/ “Stick to Your Trading Plan.”Plan your trade, trade your plan.• Create a clear trading strategy• Follow your plan without deviation• Don’t trade based on your intuition 2/ “Trust the Process.”Believe in your method.• Have faith…
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