Do's & Don'ts

Do's

Use a position that is 1% of your capital or less.

Be aware of news to see where a pair might become volatile.

Develop a powerful money management plan.

When trading trends, be sure to adjust your indicator settings so that you miss trend retracements; this is frequently possible by utilizing higher settings.

Dont's

Never hold a losing trade longer than your loss aversion tolerance.

Avoid impetuous trading based on uninformed assumptions.

Avoid trading lower timeframes where frictional costs are more significant.

Avoid trading without a stop loss