31/07/2023
The 4Ms of trading!
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Those are the most important factors to consider when you are trading.
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Your money management plan is crucial! Develop a strict and optimal risk model will allow you to grow your capital and not expose yourself to too much risk. Always make sure to pay yourself as well!
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The technical and fundamental side of the market. Most of us think that’s all we need to trade - mastering the technicals or understanding perfectly the fundamentals. Unfortunately, that’s not the case! There is so much more behind technicals..
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Identify your method of trading. What is your edge in the market? It’s important for you to use it in a systematic approach and not stray from it much. Have clearly defined rules and stick to them!
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Finally, your mind. Your character plays a major role in your trading. It’s crucial for you to develop emotional intelligence and become aware of your emotions while trading. 90% of this game is mental!
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❓What else is an important part of trading? Which one is the hardest for you to master? For me, it’s myself🤫.
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📚Do you want to learn my way of trading and become part of a great community? Check my Bio.
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