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Must follow rules to be a successful trader?
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<p id="isPasted">Must-follow rules to be a successful trader:</p><p>1. Have a trading plan and stick to it. This is the most important rule of all. Your trading plan should include your entry and exit criteria, as well as your risk management strategy. Having a trading plan will help you to stay disciplined and avoid making impulsive trades.</p><p>2. Do your research. Before you place a trade, it is important to do your research and understand the asset you are trading. This includes understanding the technical and fundamental factors that can affect the price of the asset.</p><p>3. Use technical analysis to …</p>
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<ul><li id="isPasted">Learn how to read charts aka learn price action.</li><li>Learn risk management</li><li>Learn expected value/ probability</li><li>Don't bother using indicators if you aren't doing steps 1 and 2. In fact, discourage the use of indicators until you achieve 1, 2 and 3.</li><li>Waiting/ not taking a trade/ sitting around is still doing something. Doing nothing does not equal lazy. You are not "unproductive" if you don't make active trades. Similarly, just because you made a trade, doesn't mean you are "productive".</li></ul>
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