Create your own structure for trading


  1. Set a limit on your risk.
    Before you enter a trade, decide how much you are willing to risk. This will help you accept that each trade has a potential outcome and that it could be a loss.
  2. Develop rules and boundaries.
    Create an internal structure that will guide your behavior and help you make decisions that are in your best interests. Write these rules and boundaries down.
  3. Take ownership of your trading decisions.
    Recognize that you’re the one responsible for your trading decisions. To be a successful trader, you must put in the effort and focus to develop all the skills you need.
  4. Create a trading strategy.
    Take the time to analyze the market and plan your trades for the next day. When creating a strategy, make sure to avoid speculative trading: don't rely on tips from friends or brokers, as it is easy to shift the responsibility by blaming them for their bad ideas.


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