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Control your trades
There is a kind of control you need to manage out of the charts and graphs. Usually it is a skill of professional traders. You need to make some type of plan, about how much capital you are willing to invest, how much capital you can afford to lose, how many trades will you open, how much capital you will fund your trades with, for how long you will keep the trades open and more.
Every trader needs to have an answer for these questions before starting to trade. Financial market is constantly changing, and you need to be grounded with a good plan, which does not allow you to go after the waves. Success happens where market opportunities meet your preparation. Make a good plan, and leave some spaces for change each time you see to upgrade your expectations and goals. Traders tend to control everything in the market. Remember! You can not control the market, you only can control yourself. Establish a strict self-discipline and self-control.
You can trade ...
... and create a second source of income in your life
... and collect money to pay your college fees and expenses
... customize your trading account features
... and collect enough money to finally have the vacation of your dreams
... and have extra cash to pay for your daily basic expenses
The 4 core things you can control
When to enter & when to exit
– Only you, based on your analysis and market observations, can decide when to enter the market and when to close your trades.
Business / Trading Plan
– You decide what to trade, depending on your favorite asset, and by which market you know better. So, make sure you know as much as possible about the assets you trade.
Risk management
– You can adjust your trading portfolio, your positions size, the limits of stop loss and take profits in order to manage the risk level you can afford.
Your state of mind
– You can control this part by knowing the financial market, how it works, by having a plan, by sticking with your plan, by adjusting it when it seems necessary, by creating a winning traders mindset.
