Hey Blurtians, I hope you all are great...
6) Exit at the first sight of Bearishness.
Don't pray for a trade to go right. Don't hope.
Your aim is to leave the market ASAP. Once the trade goes the opposite direction, Don't give control to the market and keep hoping.
EXIT. Start afresh.
Cut your losses. Keep them small.
7) Plan.
Don't trade if you don't have a planned entry, exit and invalidation point. Listening to opinions of others will always get you rekt.
You have to plan your entry, Position size and Invalidation points.
8) It's simple yet most difficult.
Trading is easy, you don't need complicated tools and 5 monitors.
The Catch is, you need a plan.
-Manage position size.
-Pre-determined entries.
-Exit on invalidation.
-Cut losses.
9) Trade More.
When leaning, trade a lot. A LOT.
Trade with the trend, as many times a possible.
Your methods need real market testing, Let the market give you feedback, as much as possible.
The only way to get better at free-throws is to keep practicing.
10) Learn Learn Learn.
Trading is the most rewarding profession, ever.
You can't expect it to be easy.
Journalist all trade. Take notes and keep leaning.
PLEASE don't try to fight them, It's better to lean from other's mistakes than commit them.
