Cooking things is not enough to be a top-tier Chief cook with a toque.
Doing trades is not enough to be a good trader.
What you need is a combination of different skills
No need to be a genius to know it's a needed skills. However, many people simply don't have it.
Watch your charts at least one time in the morning and one time in the evening.
Don't fall in the trap of digging for opportunities. If the current circumstances are not favourable, then simply don't trade, and wait for the good moment.
This is the one that will give you the best entry and exits. It can elegantly increase your profits, don't underestimate it!
If the RSI is oversold, maybe you'd better wait before selling ? Don't "fire escape" due to your fears.
Fear and greed at the two main assholes.
Don't let them overcome your judgement. Do meditation to master your thoughts instead of being mastered by them.
You'll keep sane, and will enjoy life without checking your Profits/Losses every 10 minutes.
Have your stop losses and take profits ready.
Have the discipline to actually trigger them and to follow your rules: this one involve a lot of emotional management.
By environment I mean:
By tools I mean:
Legal disclaimer: Sue me if you lose. I will go to jail and give you my money. I am responsible for what you do. By reading the article, you did accept to comment, vote, and resteem it.
