Wall Street veteran Mike Belafor said some things from your experience that every trader must comply with if they want to succeed in the markets.
1. No one cares what you think of a commodity or financial instrument trend is the trend and losses arise losses, just overcome them.
2. Do not follow too many market gurus who have big capital. Find the right strategy for you and remember that no strategy is 100% successful.
3. Do not rush. This is one of the most stupid decisions, especially young traders. Shall not open position just to have on the market, if you are not 100% sure of that.
4. We should gradually go into major markets. First pass rate, then read several books, open demo, develop a plan and goals, and only then dive, but start from "shallow waters" of the markets.
5. Do not bet too big volumes. Every one of us has been the market to react contrary to expectations. Although all technical, mathematical and fundamental analyzes, the market can always take an unexpected direction.
6. Be sure to make a marketing plan. While fast-moving you must have a detailed plan for every future transaction, which describe the input and output levels, and all analyzes. Without such a plan, the market is inhospitable for you.
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