Golden Rules of Trading(거래의 황금 규칙)

Golden Rules of Trading

거래의 황금 규칙

 

Here are fifteen golden trading rules that can get a new trader on the path to profitable trading or get an unprofitable trader back on the right path.

다음은 수익성 있는 거래로 가는 새로운 거래자를 얻거나 수익성이 없는 거래자를 올바른 경로로 되돌릴 수 있는 15가지 황금 거래 규칙입니다.

 

Trading System

거래 시스템

 

If you don’t have a full trading system with an edge stop trading until you develop one.

엣지가 있는 완전한 거래 시스템이 없다면 개발할 때까지 거래를 중지하세요.

Never trade anything you don’t understand completely. Don’t trade stocks, futures, forex, crypto or options until you understand the risk and how they work.

완전히 이해하지 못하는 것은 절대 거래하지 마십시오. 위험과 작동 방식을 이해할 때까지 주식, 선물, 외환, 암호화 또는 옵션을 거래하지 마십시오.

Trade in the direction of the trend in your trading time frame. Identify and go with the flow of least resistance.

거래 시간대의 추세 방향으로 거래하십시오. 최소 저항의 흐름을 식별하고 진행합니다.

Only look for low risk/high reward trades or high probability setups , when you don’t have any signals, don’t trade.

Your trading strategy must have a positive expectancy model.

Trading Psychology

Trade a position size that doesn’t interfere with your ability to execute your trading plan.

Trade your plan using the signals on the the chart by following price action and not your own opinions, bias, or predictions.

You must trade the methodology and time frame that you are comfortable with that fits your own beliefs about the market and your personality.

Your trading system must match your own available screen time, risk tolerance, and give you a chance to achieve your return goals.

A trader must have confidence in their trading system and faith in their self to execute it with discipline over the long term.

Risk Management

Liquidity is the most important fundamental of any security or asset. Wide bid/ask spreads are expensive for entries and exits and not being able to exit when you want can cause big losses.

Never add too a losing trade. In adding to a losing trade you are already wrong but now become more wrong with a bigger trading size. Adding to losers makes you a counter trend trader that will eventually end badly when you find yourself on the wrong side of a strong trend.

Never lose more than 1% to 2% of your total trading capital on any one trade. This means use position sizing aligned with stop loss placement so when you are wrong the loss is not big enough to damage you financially, mentally, or emotionally.

The size of your wins and losses ultimately determine your trading success regardless of your winning percentage. No system is profitable with huge losses.

Your risk management rules will ultimately determine the success of your technical trading system.