Welcome All this is my First Post to educate New Friends who are coming in Trading journey.
First of all there are some basic rules one need to adopt if one wanted to go make decent profit in long run .
1.Risk to Reward ratio needs to be set properly . Like one cannot win 100% trades so if win % is low but if risk to reward is good then definitely one can make good in trading. eg . one takes 10 trades in month wins in 50% but win dollar is 500 and losing dollar is 200 then also net net we are in profit .So risk to reward ration one should keep 2:1
2.Stop Chasing market
3.Try to learn the Primary Trend and Follow the same . Eg. If trend is making HHs and HLs(Bullish sign) then one should also look into enter the trade in bull side only .
One can reach me [email protected] for discussions .
Thanks
Jahpanah