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
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