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Day Trading Pre Market 11.1.24, page-33

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matt202189

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11/01/24

09:27

Post #: 71825088
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Originally posted by hazyg: ↑

Well given you just learnt the first lesson the following point can help with that.

Rule 1. start small, set a smart maximum % on your trades. eg 5% of trading account, less if high risk, with a fixed maximum downside (eg 20%) on that so you could only blow maybe 1% of your account if things go against you.

Next lesson to learn will be

Rule 2. when you get a few winners and make some wins....dont get carried away - stay small , remember rule number 1. or you WILL blow your gains!

Otherwise Look at the information compiled on the STT thread. Lots in there, some repetitive, but lots of good points!

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Awesome thanks for that
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