Trading for a living - 3 screens and My 3 Fatal Mistakes

Trading for a living - 3 screens

1) Identify trend

2) tactical decision to enter trade
when weekly trend is UP, wait for pullback on intermediate to enter and VICEVERSA

Tools:Oscillators like RSI,STOCH


3) Enter with Stops

Dont risk more than 2% on any trade.

3 fatal mistakes

 

1) Not using stops

2) put on trades that are too large for the account size. Not falling 2% rule. You must know the maximum level of risk

3) Over trading. Getting carried away