BE DISCIPLINED EVERY DAY, IN EVERY TRADE, AND THE MARKET WILL REWARD YOU. BUT DON’T CLAIM TO BE DISCIPLINED IF YOU ARE NOT 100 PERCENT OF THE TIME.
May 25, 2024
NEVER TURNS A WINNER INTO A LOSER
May 27, 2024
#3 ALWAYS LOWERS YOUR TRADE SIZE WHEN YOU’RE
TRADING POORLY
All good traders follow this rule. Why continue to lose on five lots
(contracts) per trade when you could save yourself a lot of money by lowering
your trade size down to a one lot on your next trade? If I have two losing
trades in a row, I always lower my trade size down to a one lot. If my next two
trades are profitable, then I move my trade size back up to my original lot size.
It’s like a batter in baseball who has struck out his last two times at bat.
The next time up he will choke up on the bat, shorten his swing and try to
make contact. Trading is the same: lower your trade size, try to make a tick or
two or even scratch the trade and then raise your trade size after two
consecutive winning trades.
About Author
I am Ninoslav Golubovic, the owner and CEO of MAPROFX my FB Page find here and Instagram here.
As per the job profile, my first work is to determine the signals of forex trading and guide my team members in that direction. The next work that I have is to
ensure that the risks associated with this trading are minimized to the maximum extent and so that people get maximum profits.
