the daily chartist

Five basic rules of trading

published 8 months ago

Trading can be a rough jorney and it can get out the best or the worst of you. Even it can reveal aspects of your pesronality you were not aware of earlier. As it is a game of charater and has a strong psychologie aspect, there are a lot of rules to build that character and strengthen that discipline. But there are five basic rules you need to stick up with on your path:

1. Make peace with your loss;

2. What other people think of you doesn't matter;

3. Don't compare your trades to others;

4. The only person in charge is YOU;

5. Stop thinking so much;