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Things to be maintained to keep trading simple?
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<p id="isPasted">Here are some more specific and actionable tips for keeping trading simple:</p><ul style="margin-bottom:0cm;" type="disc"><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Use a simple trading plan with a few clear rules. Your trading plan should be easy to understand and follow, and it should include your entry and exit criteria, as well as your risk management strategy. Avoid complicated trading plans with many rules, as this can make it difficult to stick to your plan and manage your emotions when trading.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Trade a small number of instruments. It's better to focus on a few instruments that you are familiar with and understand, rather than trying to trade everything. This will allow you to become more proficient at …</li></ul>
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<p id="isPasted">To keep trading simple and effective, focus on a few core principles related to psychology, strategy, and risk management:</p><p><strong>1. Master Risk Management</strong></p><p>This is arguably the most crucial element.</p><ul><li>Keep position sizes small: Risk only a small percentage of your total capital per trade (e.g., 1-2%). This prevents a single bad trade from wiping out your account and reduces emotional stress.</li><li>Always use a stop-loss: Define your maximum acceptable loss before entering any trade and stick to it.</li><li>Define risk-to-reward ratios: Ensure potential profits are significantly larger than potential losses (e.g., aiming for at least 2:1 or 3:1 reward-to-risk …</li></ul>
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