Thread: 10 Rules for Traders

1. Never use stops. Stops are for amatuers.
2. Never utilize The Way to Trade trading substances
3. Never buy and utilize a trading robot
4. Never use chart indiors....price is your very best indior
5. Never stress about risk-to-reward ratios. You can't precisely predict how much a currency pair will proceed
6. Never use someone elses trading platform. Design you own to fit your trading style
7. Never log on trading forums to get advice from other traders. Nobody gets the Holy Grail
8. Never close a transaction that has gone negative. Charts prove that each and every pair finally comes back
9. Never spend money to buy a slick trading platform
10. Never trade on any timeframe below the hourly chart.

Originally Posted by ;

quote... since the other 9 rules are probably the worst advice I've ever read.

I can't agree more...

Your Principles are setting traders up for failure... you are best staying Apart from advising people on trading Principles

Seems like he is using martingale.

Originally Posted by ;

quote You do know you've submitted your 10 principles for Traders6 (information ) from the trading conversation section of a trading forum? You do see the irony in this particular right? What is more - number 7 is the only piece of advise you've got on your list that's worth reading since the other 9 principles are most likely the worst advice I've ever read.

I have to agree with #6 and #9. . The principles not so muchbetter. #8 is idiocy. They come back, but not to the amount you need them to. Then what?

Rookie talk! Let's immediately place your rules 1 10 in the dustbin.

KP

Rules 8 and 5 - are contradictory. Without calculating the risk-profits can't open the bargain, which would allow to defy a temporary defeat. BUT! I just try to be smart! In fact, all of your advices - it is like an arrow at the heel of Achilles. They'll kill the most prosperous trader!
This thread is probably a joke.

Originally Posted by ;

10 Rules for Traders 1. Never use stops. Stops are for amatuers. 2. Never use The Way to Trade trading substances 3. Never buy and use a trading robot 4. Never use chart indiors....price is the best indior 5. Never worry about risk-to-reward ratios. You can't precisely predict just how much a currency pair will proceed 6. Never use someone elses trading platform. Design you own to fit your trading style . Never log on trading forums to get information from other traders. No one gets the Holy Grail 8. Never close a trade that has gone negative. Charts prove...

I don't feel there are rules for trading you produce your own rules according to the market you're trading.


We could use prevent loss, or notwe can and can't predict where price will proceed and we could use risk reward ratio once we believe we need to. Also it's very good to take the hints from different traders and indiors, but some instances it won't be good enough. I prefer to trade 5 minutes interval and I believe it is good for day trading. For all things in life there is equilibrium which changes according different factors of lifestyle, if we compare all things are relative.

Is there possibly a method of removing certain threads?

I hope You're a better trader than adviser