*Some tips for new traders -*
📕-Avoid noises ( Tv, social media, etc )
📗-Don't get carried away by people who show huge profits. ( In 90% of the cases, they wanna sell something )
📘- Avoid FOMO ( fear of missing out )
📙-Avoid Revenge Trading ( You might end up blowing your account )
📕- Avoid averaging your losers ( put your ego aside, and just take that stop loss ! )
📗- Avoid trading in FNO in your initial months or even years of trading. ( Get some experience with cash trading first )
📘-Start trading a bigger time frame ( go to a smaller one ONLY when you have mastered a bigger time frame )
📙- Don't be in a hurry to book profits ( you never know how big your profits can become. Use trailing stop loss )
📕- if you are not profitable in cash trading; Don't even think of leverage trading. You will add fuel to your burning capital ! )
📗- Don't study too many tools and strategies ( study a few and master them )
📘-Become a disciplined person before becoming a disciplined trader.
📕-Avoid noises ( Tv, social media, etc )
📗-Don't get carried away by people who show huge profits. ( In 90% of the cases, they wanna sell something )
📘- Avoid FOMO ( fear of missing out )
📙-Avoid Revenge Trading ( You might end up blowing your account )
📕- Avoid averaging your losers ( put your ego aside, and just take that stop loss ! )
📗- Avoid trading in FNO in your initial months or even years of trading. ( Get some experience with cash trading first )
📘-Start trading a bigger time frame ( go to a smaller one ONLY when you have mastered a bigger time frame )
📙- Don't be in a hurry to book profits ( you never know how big your profits can become. Use trailing stop loss )
📕- if you are not profitable in cash trading; Don't even think of leverage trading. You will add fuel to your burning capital ! )
📗- Don't study too many tools and strategies ( study a few and master them )
📘-Become a disciplined person before becoming a disciplined trader.
Why pay for Information when you can get it online for free ?
Same reason why you buy apples from the grocery store when you can grow Them Free.
It's not the money you spend but the time you save.
And the mistakes you can avoid - which are likely to cost you more money.
Same reason why you buy apples from the grocery store when you can grow Them Free.
It's not the money you spend but the time you save.
And the mistakes you can avoid - which are likely to cost you more money.
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Can I grow a small Account?
✅Yes!
What should be my general conduct?
✅Use smallest lot
✅Use 1 position
✅ Get even the smallest money, say no to greed
✅ Don't hold trades, scalp
✅Know what you can trade and what you can't based on your equity
✅ Don't be afraid
✅Act quick, no miracles in trading
✅ Don't be shy, Close in red if things get messy
✅Yes!
What should be my general conduct?
✅Use smallest lot
✅Use 1 position
✅ Get even the smallest money, say no to greed
✅ Don't hold trades, scalp
✅Know what you can trade and what you can't based on your equity
✅ Don't be afraid
✅Act quick, no miracles in trading
✅ Don't be shy, Close in red if things get messy