3 Strikes, you’re out!

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Always, always, always set yourself rules to follow!

Trading is not a game, its a business you need to plan out in order to be successful.

You need proper analysis of course, but just as important you need plans and rules to keep your profits and minimize your losses.

Use the 3 Strike rule to limit your losses.

If you have done your analysis correctly and executed trades three times in a row on that same pair, you’re out! You’re done trading this pair, or even done trading for the day.

Consider that you either don’t know what your doing or your analysis is wrong so cut your losses and stop.

Move on to a new pair or just start again tomorrow.

This will help limit your losses, remove yourself from the situation and refresh your mind so you can make better analysis and trading judgement.


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