In my opinion, the most important consideration is risk management.
Enter trades with a thesis and a predetermined stop loss. If the thesis fails, and stop loss is triggered, accept the trade has failed and move on to the next.
Reflect on what happened and why the thesis failed and whether anything can be improved on.
Not managing risk, or trading without stop loss will bring with it a high chance of blowing up your trading account. That will put you out of the game.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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