Wednesday, December 26, 2007

Golden rules...

4 Golden Rules yang penting dalam trading... InsyaAllah kalau ikut betul2.. boleh success..

1. Cut Your Losses Short
2. Let Your Profits Run
3. Trade with The Trend
4. Never Average Down Your Losing Position..

If you have a habit untuk keep record all your open position with a reason on each trade; then you will realize later that most of your losing trade is because you breaks at least one of those golden rules. Most of your winning trade, biasanya awak akan exit early... those losing trade, you will let it run and the losses getting bigger... Dalam erti kata lain... You "let your loser trade run and cut your profit short.." Reverse dari rules 1 & 2.

Interesting untuk cari jawapan kepada masalah nie..? Tapi anda akan jawapan tersebut jika anda ada habit untuk keep record semua winning and losing trade dan juga keep remind yourself regarding all the above rules.

Cara aku? Biasanya dalam forex aku memang jaga betul money management. Biasanya aku risk 2% jer... Aku dah biasakan diri untuk Risk 2% dan Take profit 3% to 6% depend on trend. Dalam erti kata lain every position samada akan hit SL 2% or Hit Tp with minima 3%... Dan aku never adjust stop loss except in direction in my trade direction; itupun kalau aku lihat perubahan dari segi fundamental view. Ini sebenarnya membantu aku menyelesaikan masalah rules 1 & 2, because the method i trade nowadays rarely have a losing trade. Malay method ni trend following system dimana aku hanya akan open trade in directon primary trend. Dan disebabkan aku strictly follow money management maka aku never average down my losing trade..

Jika aku scalp.. aku never adjust stop loss.. dan kalau aku adjust juga, aku hanya adjust stop loss in direction of my trade direction - biasanya hanya untul lock profits. Biasanya aku cuma risk 1% on scalp trade.



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