RULE #1) ~ Cut your losers; let your champions trip.
One crucial factor that every new investor must know before coming
into this extremely successful company is that lifestyle is not ideal, even in
Currency dealing area, and you should always know one fact: YOU WILL HAVE
LOSING TRADES.
Every Currency investor does. The key to being a regular,
foreseen, efficient investor is to, at the end of the day, add up more benefits
than failures. And, when you KNOW(based off your dealing rules), without a
question, that YES, indeed you are, in a losing company, don't keep taking a
reduction (lowering your quit loss) just to *prove you are right* or your
guidelines are incorrect (however you want to look at it).
All investors have to deal with it — you can't convert a donkey
into a mercedes. You can't modify the pieces of a zebra and you can't convert
poultry waste into poultry greens. The best trades are usually
"right" instantly (the techniques, guidelines, techniques and
techniques you can understand in my web page will be your best sign for just
what a "right" company really is).
Remember, individuals have been dealing the marketplaces for a
number of and 58 decades. The sensible investors know there's going to be
another company. Cut your drops brief and substance those successful roles.
RULE #2) ~ Thou Shall Not Trade the Currency dealing Without
Placing a Stop Loss Purchase.
When you place a STOP order, right along with your ENTRY order,
via websites place, you've just instantly avoided a prospective reduction from
"running" too far.
Before starting any company, if you haven't already realized out
at what factor you would be incorrect and would want to cut your drops or, at
the very least, re-think your place from the side lines, then you shouldn't be
wearing the company in the first place.
Show me a Currency investor who doesn't use quit reduction
purchases and I'll explain to you someone who drops a lot of cash.
