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Traders with experience know the importance of trading with the trend. To increase one's probability of success, finding a strong trend, as well as a trade in the direction of that trend, is vital.
In trading, questioning based on the above as well as staying clear of bad trading practices such as
- “sure trades” which bring overconfidence and erodes clarity
- Overleveraging
- Trading with stops
- Risking more than 5% of the total account on a single trade
keeps you in the trading business as long as you choose.
Writer: Nature
Editor (s): Nature & Awe Olufunso
Publisher: Awe Olufunso
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Comments expressed here do not reflect the opinions of aweolufunso.blogspot.com or any employee thereof.
This blog is a true account of the trading results of the Author but does not in any way imply that the results will be similar for the average reader. Seek advice from an independent certified financial adviser and DO YOUR OWN RESEARCH!