Why is discipline your main tool in pair trading? 🎯
📌 Write your rules before entering a trade and keep them unchanged while it is open.
📌 True discipline means following your plan even when you really don't feel like it.
📌 Boring trades executed by plan are far more valuable than exciting ones driven by mood.
📌 Limit the number of simultaneous pairs and the share of capital used per trade.
Example: You write down your entry and exit conditions in advance. If the trade goes against you, you don't move your boundaries, but simply execute what you decided in a calm state.
Common mistake: Changing exit conditions during a trade when your position is already in the red.
Which of your own rules do you break most often?
#Futures #CryptoTrading #CryptoEducation #RiskManagement
📌 Write your rules before entering a trade and keep them unchanged while it is open.
📌 True discipline means following your plan even when you really don't feel like it.
📌 Boring trades executed by plan are far more valuable than exciting ones driven by mood.
📌 Limit the number of simultaneous pairs and the share of capital used per trade.
Example: You write down your entry and exit conditions in advance. If the trade goes against you, you don't move your boundaries, but simply execute what you decided in a calm state.
Common mistake: Changing exit conditions during a trade when your position is already in the red.
Which of your own rules do you break most often?
#Futures #CryptoTrading #CryptoEducation #RiskManagement