Useful Trading Tips

  • Useful Trading Tips

    Posted by Laurenz Edama on July 26, 2022 at 8:37 pm

    Trading is an art, and the only way to become increasingly proficient is through consistent and disciplined practice.

    One tip I can give is, You have to understand your role in the market. Identify yourself and set some goals. When trading, work on your risk management and psychology. The battle is in there. You may have a better edge than others but if you can’t work on your risk management and psychology, you won’t be able to survive the market. The problem in trading is not about how you started, it’s all about how you finish. It’s not about how you enter a trade, its about how you exit. Did you follow your rules or not?

    At the end of the day, it’s a matter of self discipline and a right mindset. Also, never ever give up!

    How about you guys? Any useful trading tips for our trader friends here?

    Mihaly Kriminal replied 5 days, 3 hours ago 3 Members · 11 Replies
  • 11 Replies
  • Mihaly Kriminal

    Member
    December 15, 2022 at 12:44 pm
    430

    This is a very good place to share useful thoughts.

    But you don’t always have to invent something new.
    In the last 100 years, almost everything has been invented and tested, what is needed for successful trading.

    I will try to collect some of them.

    • Mihaly Kriminal

      Member
      December 15, 2022 at 12:47 pm
      430

      1.
      Did you know that Andre Kostolany was Hungarian?
      Perhaps his most important teaching is the Kostolany egg, which shows market cycles.
      Buy – in accumulation
      sell – in distribution
      hold – in trend.

    • Mihaly Kriminal

      Member
      December 16, 2022 at 7:28 am
      430

      2.

      Nicolas Darvas was Hungarian too.
      He was economist, but lived in America as a dancer.
      Then he made 2 million dollar on the stock exchange with his method named Darvas box.
      He bought when price did new high. He said new high means new force of buyers.
      He sold when price fell out from the box in a lower low.