GOOD TRADING HABITS
*Man makes habits, habits make man.If you are losing money again and again in trading , it is because of your habits not because of the market.
*Stop loss or target has one meaning that is taking pips, if it is against you then it is called loss, if it is moving in your direction it is called as profit.
*When the price moves in your losing direction you wait , wait ..... till more and more loss assuming the return of the price.When it is moving in your profit direction you stop at small profit assuming the return of the price.
*If you will wait you must get more pips most of the time, it may be losing pips or winning pips, in case of loss we wait and get more losing pips and in case of profit we don't wait so we get small winning pips.It is a common bad habits followed by most traders.
*Another bad habit is you average your losing deals and lose more .But you don't average your winning deals and get small winning pips.Hence you should average your winning deals and shouldn't average your losing deals.
*If the price returns most of the time why most traders lose ? Hence it never returns in a short period.In case of the losing you wait and get more pips {losing pips},in case of profit you don't wait and get less pips {profit pips}.
*Hence price doesn't move at your wish but you stop early in case of profit and wait more in case of loss.
*Always follow the trend, the trend doesn't change in a hour or minute but it continues more than 20 days {daily chart},more than 6 months{monthly chart}.Hence it is very easy to follow the trend in daily or weekly chart.
*Some times you follow the trend but still you lose , in this case you should wait till the confirmation of trend change because most of the times such movements are fake movements.
*Stop loss shouldn't be of small pips but it should be of small in magnitude that is more pips of small value.,Target should be of bigger pips ,It may take long time but better to wait.
*Price changes it's direction in every minute,every hour ,every day,every week,every month.Most traders go along the minute or hourly changes but the good trader is one who follow the weekly change or monthly change.
*Don't try to defeat the market rather let the market defeat you then close and go along it's direction without any doubt.
*When you are in doubt please get out of the market, then wait and watch .
*I know it is very easy to make bad habits and it is very difficult to give up a bad habit. It is very difficult to make good habits and easy to give up a good habit.
*Hence I am sure you must learn the traders common habits and change it as soon as possible and trade naturally.
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