Premium Commodity Tips and Rules For Traders
This rule is very important and I observer, it’s being abused continually creating terrific losses that are sometimes hard to come back from. Never add to a trailing position because if the trading position continues to go opposite you and now you have extra even more agreements, which are every losing money, your account will undergo losses much more than the 2 percent and in some cases, adding positions and never receiving out of a losing buy and sell has wiped people’s dealing accounts downward to zero, because of 1 or 2 bad trades. Remember, forever play for one more day, you will have losing deals and good traders control losses and move on to the subsequent possible trade. Many types of brokers & advisers give you Free Commodity Tips and Live Market Updates for safe trading.
If you follow the first rules, then this type of rules will never affect you because you’re not over trading and the risking more than 2 percent on any given deal. Never answer a margin call, because you’re probably over trading and most likely, the position is going opposite you and you possibly have lost much more than the 2% on that trade. Never permit this to happen to you, because you forever want to have enough margin in your dealings account just in case the exchange increases margin as that will pressure you out of the position.
A huge rule is to keep 50 percent of your sum portfolio in cash and the other 50 percent in trades, that way, if something foolish happens and it does sometimes, this assists in managing risk in an enormous way.
The final rule is very easy and it states, that one should have a game plan and utilize it consistently even throughout the periods of the losses, which will occur to you over the lessons of time. Do not suddenly initiate to risk 5% to 10% because you have to grasp up and get your loses back rapidly, stick with the trading game plan and over the route of time, this will assist improve your percentages of achievement.
If you have an unproven structure that has not been experienced, then I would see to paper trade account until you look success and you’re comfortable with loses & daily volatility.