#6 DEVELOP A METHODOLOGY AND STICK WITH IT.DON’T CHANGE METHODOLOGIES FROM DAY TODAY
May 29, 2024
#8 YOU ALWAYS WANT TO BE ABLE TO COME BACK AND TRADE THE NEXT DAY
June 1, 2024
#7 BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE
In all of my years as a trader I never traded more than a 50 lot on any
individual trade. Sure, I would have liked to be able to trade like colleagues in
the pit who were regularly trading 100 or 200 lots per trade. However, I didn't
possess the emotional or psychological skill set necessary to trade such big
size. That's OK. I knew that my comfort zone was somewhere between 10 and
20 lots per trade. Typically, if I traded more than 20 lots, I would butcher the
trade. Emotionally I could not handle that size.
The trade would inevitably turn into a loser because I could not trade
with the same talent level that I possessed with a 10 lot.
Learn to accept your comfort zone as it relates to trade size. You are
who you are.
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.
