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Should you go back to trading after a long break? If you were trading at one point in time but it didn't work out, it's normal not to be eager to return.
This would require willpower as big as an elephant.
Below are 3 methods that will help you get back on your feet, screw your head on right, and again become a successful trader.
Go back to the demo account or free tournaments Resume trading without risking your wallet. Go back to the basics, then move on to more complicated things. Tournaments are an ideal way to train. If you have the time, be sure to try it.
]The most common trader mistakes.Have you made them? If you have, correct them!
Not having a strategy. Trading isn't like playing the lottery; it's a science. And you need to trade based on knowledge, not intuition.
Emotions. Leave your feelings for other areas of your life; in trading, you need to be calm and calculated. Don't get upset or excited, just trade.
Big trades. The amount of 1 trade should not exceed 3% of the account. Otherwise, a mistake could be devastating to your capital.
Create a trading plan. A new one
A trading plan is essential for a trader: without one, it's easy to give in to emotions and do something stupid. And it's like starting with a clean slate, so to say. So make a list of possible scenarios and come up with an action plan. Your trading plan should also include a strategy, trading time, your selected asset, the number of transactions, the grounds for their conclusion, and the amount in your account. Down the last detail.
Be sure to note your stop point: when you pause and stop trading.
Come back. Wishing you lots of successful trades!
This would require willpower as big as an elephant.
Below are 3 methods that will help you get back on your feet, screw your head on right, and again become a successful trader.
Go back to the demo account or free tournaments Resume trading without risking your wallet. Go back to the basics, then move on to more complicated things. Tournaments are an ideal way to train. If you have the time, be sure to try it.
]The most common trader mistakes.Have you made them? If you have, correct them!
Not having a strategy. Trading isn't like playing the lottery; it's a science. And you need to trade based on knowledge, not intuition.
Emotions. Leave your feelings for other areas of your life; in trading, you need to be calm and calculated. Don't get upset or excited, just trade.
Big trades. The amount of 1 trade should not exceed 3% of the account. Otherwise, a mistake could be devastating to your capital.
Create a trading plan. A new one
A trading plan is essential for a trader: without one, it's easy to give in to emotions and do something stupid. And it's like starting with a clean slate, so to say. So make a list of possible scenarios and come up with an action plan. Your trading plan should also include a strategy, trading time, your selected asset, the number of transactions, the grounds for their conclusion, and the amount in your account. Down the last detail.
Be sure to note your stop point: when you pause and stop trading.
Come back. Wishing you lots of successful trades!