Are you confused & struggling to make consistent money from intraday trading ? Spend next 5 minutes to read this 10 Important rules to become a PRO TRADER Scroll down to read fully ππππ
Rule 1 : Give priority to risk management Don't risk more than 1 to 2% of your capital in one trade. Don't fix your quantity - Better fix your loss based on the stoploss and take quantity accordingly. Scroll downππ
Rule 2: Don't force yourself : During Live Market - Better focus on executing trade as per your trading system with patience and discipline. And Neverπ -Trade looking at candle color and avoid getting excited by wide range candle. Scroll downππ
Rule 3: Have a Trade Plan Always have a proper trade plan before , during and after a trade. Trade plan meansπ Having - Important reference level - Plan for entry,stoploss,target. - Price and direction confirmation from chart Scroll down ππ
Rule 4 : Don't lose more Capital is more important to survive and make consistent money. Don't lose more than 3 to 5% of your trading capital on any trading day. Most traders face BIG loss because of losing more than 20 to 30% or even more in 1 trading day. Scroll downππ
Rule 5: Break is more important. Both during consistent profitable streak and losing streak π Break is more important to have balance between GREED and FEAR so your MIND remains CALM and good. Scroll downπππ
Rule 6 : Trading is Probability. Always think in terms of probability. Don't take every trade personally. Because 1 or 2 trade profit will never change your trading. So better focus on next 100 trades execution with discipline. Scroll downππ
Rule 7 : Being wrong is not a problem. If your analysis or plan goes wrong don't get sad. Trading will have losses and market will go against your analysis. So better focus on controlling your losses. Scroll downππ
Rule 8: Focus on less Never waste your time to learn various trading methods and style. Better focus on 1 or 2 trading system and align according to the current market conditions. Scroll downππ
Rule 9 : Stay Balanced Trading is 80% psychology and 20% strategy. Yes this is real fact. Professional trading is more about the process you adapt to make your psychology and mindset more balanced. Never allow emotions to take control of your trading decisions. Scroll πππ
Rule 10: Stay Humble Don't try to increase your expenses by just few profitable trades. First focus on making consistent money for next 6 months ( Profits can be small or big but first focus on being consistent so your MIND will be ready to make BIG )
End of this thread If you find it useful Like & Retweet the first tweet of this thread. Follow me @learntotrade365 All the above is shared for educational purposes only. Join the FREE Telegram channel for Live Market Updates on index and stocks - https://telegram.me/learntotra...
