My Trading Rule 2 - Don`t do silly things
What are silly thing in Trading?
my list is as follows, without being exhaustive.
- Extend the defined Stop Loss
- sometimes when the market is going against me I don't want to lose and move the stop loss. I end up losing more than the stop loss.
- Take to much Risk (To much Lots or the Risk is to big)
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- Add Lots when I should get off to try to reduce the Loss
- Sometimes when the market is against me I don't want to lose and think I can limit the loss and buy more for the better price.
But of course the loss is then usually higher.
- Sometimes when the market is against me I don't want to lose and think I can limit the loss and buy more for the better price.
- Add Lots when I should get off to try to reduce the Loss
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- Don`t get out of the Trade, when it is clear that I will reach the Stop Loss
- In most Times I see, when my Trade Idee (Stop Loss) becomes invalid and I should get out. But I can`t, because of wishing all will be good.
- Don`t get out of the Trade, when it is clear that I will reach the Stop Loss