Here are ten good trades a trader can make concerning psychology, risk management, and methodology. We must turn bad behaviors into good behaviors to turn a profit.
- Trade big losses for small losses through positions sizing and stop losses.
- Trade small wins for big wins through trailing stops and letting winners run.
- Trade predictions for price action, chart reading, and trend following.
- Trade the right position size for your account.
- Ask for advice and tips to develop a profitable trading method.
- Trade in opinions for proven trading principles.
- Trade guessing for backtesting.
- Trade arrogance for humbleness.
- Trade stubbornness for flexibility.
- Trade ignorance for the knowledge.