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Four things that will blow up your account
7 months ago
6
4 Ways to Blow up your account:
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1. Not knowing where to get in to take your trade in the first place. Make sure you have three confirmations before you enter that trade, and stay away from the "B" trades and "C" trades
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2. Not knowing where to take profits, conservatively, to guarantee, from a probability standpoint, that the trade will be a winning trade.
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3. Not sure where to exit out of the trade before entering the trade. It is difficult to exit a trade when you are dealing with fear and greed.
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4. Not having a predefined stop loss or moving the stop loss outwards rather than inwards towards the entry point.
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Manage these four things, and trading becomes more fun and profitable.
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