1. WAIT FOR THE OPPORTUNITY TO COME, NOT FORCE IT TO COME

Do not enter the order in the form of force trade. The opportunity to enter the next order is very natural if you have a good enough system. Don't force it to come. If the opportunity passes and you don't catch it, don't force it to come back.


2. CHOOSE THE BATTLEFIELD THAT MATCHES YOUR ABILITIES

That is to say, choose the market that is suitable for your trading ability. Understanding the battlefield has a huge advantage, just as a trader who understands the market is trading will have an advantage over the rest of the trader.

Opt for high volatility cross money pairs if you are a volatility enthusiast, choose an Asian session if you are interested in only mild-moderate volatility. That is called choosing a battlefield that matches your ability.


3. DO NOT READ THE NEWS

Nicolas Darvas has learned a bloody lesson when trying to trade on the news. All the news until you hear it has been completely reflected in the price, and most of the news is slower than the price, so there is no need to read it.

Of course, those who know how to refine the news to read will have an advantage over other traders, but it is better to focus on the price chart.

4. FOCUS ON YOUR METHOD AND SYSTEM

Do not watch the news, nor consult other traders. Focus on the method you are using. That's very important for making trading simple yet effective.


Each system has its advantages and disadvantages, in a market period the system is effective but the other system will be very bad. What if you looked at the statement from another bad system, while your system was working well?

5. JUST TAKE WHAT THE MARKET FOR

Traders will make better and more regular profits if they know how to set suitable and easier to achieve goals. In other words, set profit-taking in moderation, and don't expect too much.


Of course, eating a long wave from foot to top is always the dream of many traders, but most of the time we only catch a part, sometimes just a little of that wave, because that's all market for me.

Be modest, be humble in front of the market, and accept what the market does for you. Don't ask for more.

6. DO NOT HESITATE TO ENTER ORDERS WHEN THE OPPORTUNITY COMES

When the opportunity comes, you must pull the trigger, not hesitate, or fear, or wonder.


Why wonder when the system gives signals? If your system is good enough, and it's reporting an upcoming deal, then you have to trust it. The trade may win, it may lose, but if you refuse to enter, you are breaking the consistency in the probability of that system.

If you do not trust the system enough, find another system, or find ways to improve it.

7. PROTECT YOUR ACCOUNT

There is nothing worse than vandalizing the account. Traders who do not know how to protect their accounts will, of course, have a very poor and complicated trading life, as they are always afraid that their money will be lost.


When you keep an account protected with proper capital management, always set a stop loss, you will find trading work so simple that it is boring. We enter an order with available stop loss, right, eat, wrong, stop loss. No worries, no fears, no hassles.

Traders who know how to protect their accounts often live a long life in the market.

8. DON'T SENT PROFIT GOALS TO PUT PRESSURE ON YOURSELF

The 1% daily, 10% weekly, or 30% quarterly targets are bullshit and put unnecessary pressure on you.


Come to think of it, can you decide how much money you make that day, month, or quarter? Of course not. That is decided by the market. The market for less you eat less, the more you eat more. There is nothing you can do to change that!

So what is the goal? Just enter the order according to the system, protect your account, obey the rules. Everything will be fine.

9. ENJOY THE JOURNEY

Trading is a journey that lasts, even many years. And the result is only a small part. It is important that throughout the journey, you have been happy, learned many valuable lessons and enjoyed your time.

If you like trading, the ability to trade is very good because you will pay a lot of attention to your trading journey, how to grow and get better every day, instead of working hard on making money. . Traders who come to trading with the sole purpose of making money, usually not.


It's awkward but it's true. Traders who make money love and enjoy the feeling of trading every day.

10. Take good care of yourself

You are the one making trading decisions, so you have to take care of yourself to have the best mentality and fitness.
  • Healthy eating
  • Exercise and sports
  • Drink enough water, eat plenty of green vegetables
  • Get enough sleep, good night
  • Meditate to keep your mind at ease
  • Read books to broaden your mind.