What is a "good" and a "nice" deal?

First, we have to define what a "good" and "good" deal is. Is the winning trade called a good deal? Loss-making transactions, naturally, are not beautiful?

A good deal must satisfy all of the following factors:
  • Input from a signal of an advantageous system in the long term;
  • Unaffected by the trader's feelings to enter;
  • Not being affected by news that causes traders to place orders;
  • Not be influenced by the opinions or opinions of others;
  • Strictly complying with the command management principles of the system;
  • The volume is calculated carefully and in accordance with the size of the account;
  • The entry point, stop loss and take profit point is calculated prior to place the order;
  • The potential profit is many times the stop loss (RR ratio 2: 1 or more);
  • A reasonable trailing stop when there is an open profit.

As you can see, we don't have to win to get a good and good deal. What we need is to follow the rules of entry, not let emotions or news get in the way, and keep the order volume at a reasonable level.

"Nice" trading - 4 steps to a nice trading

Here are 4 easy steps to always have the best deals possible:

Step 1: Make a plan in detail from order to exit

All battles are well prepared from the victorious side, the victors will plan all the scenarios so they can react accordingly without ever panicking. If you plan carefully, you already have 50% of the win.

A trading plan should include the following elements:
  • Entry point, stop loss, take profit
  • Calculate order volume
  • When there are open profits when to move to breakeven, how is a trailing stop?
  • If there is a spread that causes the order to be executed ahead of schedule, how will it react?
  • When to exit the position? Under what circumstances is the exit before profit-taking reaches?
Step 2: Avoid making mistakes in order placement

Check carefully the numbers: entry point, exit point, currency pair, order size before pressing the button. A lot of traders lose money just from making mistakes in order.

Step 3: Follow your plan no matter what happens

If you have a plan, it makes no sense if you don't follow it.

Step 4: Record trading log

If the trade is a loss, then what can be done to avoid losing. If it is a win, it is possible to make more profits than not.