FiF Trading

These trading skills and attributes---knowledge, experience, discipline, mental courage, and trading judgment---are non-negotiable if you want to become a successful trader.

The first step in becoming a profitable trader is to develop a winning strategy and condition yourself to stick to it. Unfortunately, the market will constantly try to plant a seed of doubt in your head about your system. If you fall for it, you will jump from one strategy to another, and your account will fluctuate between profits and losses.

Trading will undoubtedly test a trader's nerves. Nevertheless, traders must always stay disciplined, keep their cool, and learn to keep greed, hope, fear, and anger at bay when trading.

Want To Grow Your Trading Account Stress Free? Follow These Steps Below & Watch Your Account Grow Without Stress!

1. Trade only one stock or currency pair each week.

2. Define a plan and do not deviate from it.

3. Begin every week in cash.

4. End every week in cash.

5. Refresh and reflect on your performance (what you did right and wrong) every weekend.

Day trading requires your time and attention. If you are willing to give up most of your day, you may want to consider day trading. However, you can be a trader without giving up your day. If you have limited time to spare, you should consider swing trading.

Head to my YouTube channel (Youtube.com/) for more information!

. Now that you start making consistent profits as a trader, you need to ensure that you do not give those gains back to the market. A good way to avoid giving back your profits is to manage your risk without compromising. Practice focusing more on controlling losses than making money. “Money is just the by-product of… executing fundamentally solid trades" (Bellafiore). One cannot execute essentially great trades without managing the risk involved in every trade.

Have Fund & Be Safe!

Happy Thanksgiving!

Plan Your Trade and Trade Your Plan: Trading without a plan will undoubtedly expose you to the danger of losing most, if not all, of your money to the market. Build a trading plan and stick to it. It will make you a successful trader. For example, have a defined target profit and a stop loss where you only risk 1% of your account size. A defined exit strategy is an excellent way to stop trading on emotions.

. Trading has risk, the probability of losing all your initial investment, and the potential profit you could make. A good trading practice is to commit to an amount of capital you are willing to risk per each trade, and a good rule is to risk about 1% of your account per trade. For example, if you have a $10,000 trading account and are willing to risk 1% of your account per trade, your maximum loss is $100.