Second, Do not insist on your mistakes..It is very crucial to use stop-loss in your trades. Facts may change very rapidly,especially in fx markets.. By using stop-loss you can exit your trades without suffering huge losses…If things are changed,there is no need to get sticked on mistakes..As wise man said, ”No one can trade against markets…”
Third,Do not fire off all of your bullets at once.. Do not enter trades by using all of your money..Instead,divide your balance into 2 or 3..Keep in mind that even if you are on the right track,because of the volatility, prices may go in reverse direction for a while and then correct itself only after a period..If you spend all of your bullets, these fluctuations can be your devil..Instead,use these fluctuations as an opportunity to lower your trading costs.