In entering a trade... My risk per a trade is 1%. For a $5,000 account, always enter at 0.01 lot size.
In a winning trade...
In a losing trade...
I will place a trailing stoploss. A space of 15 pips is
the widest.
I must answer the questions If I see a potential reversal
(found in notebook) of the is about to hit, I exit the now moment before position without hesitation. entering. I dont have two positions going against each other. Ex. USD/CAD & EUR/USD
I will take a minimum of $20
profit and a maximum of $50 per trade.
Place a target profit and
place a 10-15 pip stop-loss. The aim is that your total number of wins exceeds occasional loss. Anger from losing can drive you to trade again. The market can more likely give you a beating. Dont trade when angry.