In trading there are several strategies and rules to achieve success. One of them as did Mark Weinstein and also Richard Dennis. The two traders have proven success in the trading world. Both Mark and Richard certainly have a certain system to be successful.
Maybe you can also learn from the way Mark and Richard to follow his success. The basic rules in the trading system used by these two traders are proven to make Mark and Richard successful and put them in the list of the world's top traders. Here are the basic rules you can apply following Mark and Richard's trail.
THE BASIC RULES OF TRADING FROM MARK WEINSTEIN AND RICHARD DENNIS
For those of you who are interested in trading and want to succeed like Mark Weinstein, here are some basic rules for you example.
- Trying hard and willing to learn about the important basics of the instruments you use in trading.
- Most successful traders are traders who are not arrogant and have humility. Pride will make you too confident and less alert that can lead to losses.
- As a trader, you must be able to know your own abilities and shortcomings.
- To be able to achieve victory, a trader must have a good mindset and have the courage to put a stop loss.
- Traders must also be smart to determine the ideal market entry and exit time.
- Use flexible strategies that make it easy to keep up with the ever-changing marketplace.
The basic rules are also applied by Richard Dennis and here are the key points you can follow.
- Market, a trader must be able to determine what should be for sale or purchase.
- Size, the trader must also be smart in determining how much you will sell or buy.
- Entry, it is necessary for traders to be able to have when the best time to enter the market.
- Stop, trader must be smart to recognize the position at the moment of loss and immediately close the position.
- Exit, determines when a trader should close a position when it is in a profit or profit position.
- Tactics, successful traders are able to use the tactics of buying and selling.
Those are the basic rules of two successful world traders that you can take advantage of.
