25 Trading Tips
Last updated
Last updated
Quick tips for you. Some may seem basic and obvious, but that doesn't make them less useful. They are all time tested.
1. Always Scope the Bigger Picture From experience, zooming out to higher time frames first avoids nasty surprises.
2. Layer Your Charts Don’t clutter them. I’ve found a couple of key indicators plus support/resistance works best.
3. Keep an Eye on Correlation When EUR/USD wobbles, USD/JPY often reacts. These cross moves saved me a few times.
4. Watch Volume Surges Big volume can signal whales stepping in or false breakouts. I check volume before every entry.
5. Confirm Your Signals Never trust one indicator alone. I look for at least two confirmations or I skip.
6. Adapt to Volatility Market churn eats positions. I trim size when volatility spikes. Learned that the hard way.
7. Stick to Solid Chart Patterns Reversals are tricky. I won’t trade a head-and-shoulders unless volume backs the move.
8. Mind the News High-impact news can wreck a great technical setup. I avoid entries right before big releases.
9. Trade Only Clean Structures Choppy or sideways? I stay out. My worst trades happened in noisy markets.
10. Journal Everything I note my entries, exits, and mindset. Spotting patterns in your own trades is a goldmine.
11. Step Away from Overtrading Multiple weak trades eat profits. I wait for high-probability setups to keep my account alive.
12. Scale In and Out Sometimes price runs further than I expect. Partials let me ride out winners and manage risk.
13. Adjust Stops Wisely I move stops only if my setup changes. Tightening stops without reason just gets me stopped out.
14. Keep Bias in Check I’ve overheld trades out of pride. Follow the chart, not your ego.
15. Master One or Two Strategies I used to jump between methods. Sticking to a core strategy gave me consistency.
16. Study Transitional Markets Trend to range transitions can fake you out. I watch for slowing momentum or fewer big candles.
17. Spot Hidden Liquidity Zones Price often snaps back around major S/R or round numbers. It’s a trap if you’re late.
18. Don’t Chase Gaps I used to chase gap fills. Often they’re fakeouts. Wait for clear direction after the gap.
19. Protect Your Bankroll Risk too big and you’re out of the game fast. I keep losses small to trade another day.
20. Use a Plan B If price flips on me, I know my exit or hedge beforehand. Saves me from panic selling.
21. Double-Check Your Indicators Sometimes an old setting or glitch can mislead. I learned this the hard way.
22. Tweak and Test Markets evolve. I regularly test small changes to keep my strategy fresh.
23. Ride Winners Longer Cutting winners too soon was a habit. Let runners run if the trend is hot.
24. Revisit Past Mistakes I reread old trades to spot any recurring slip-ups. Painful but effective.
25. Stay Curious Even veterans learn daily. Keep at it, refine your edge, and let your results speak. I believe that you will continue learning even after finishing this guide!
