theSignalyst
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Here is a sneak peek of my wedding yesterday ๐Ÿ˜
๐Ÿ“ŒDon't force trades just because you have more time or you feel like trading.

Always remember, you are getting paid; to wait!

Be patient, and trust the process.

~Rich
www.RichTL.com
๐Ÿ“ŒBefore taking a trade, you need to figure out what the worst-case scenario is and place your stop based on a monetary or technical level.

Every trade, no matter how certain you are of its outcome, is an educated guess.

Nothing is certain in trading. Reward, on the other hand, is unknown. When a currency moves, the move can be huge or small.

~Rich
www.RichTL.com
๐Ÿ“ŒThe bad news for many newbie traders is that just because they can, doesn't mean they should trade. Unfortunately many find that out the hard way.

They start trading with no education or experience and lose their money very fast.

These failed traders spread the word that all traders lose money and that trading doesn't work.

Just because it didn't work for them obviously it doesn't work for anyone else in their minds.

~Rich
www.RichTL.com
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๐Ÿ“Œ Creating a trading plan is a critical component of successful trading.

It should include your profit goals, risk tolerance level, methodology and evaluation criteria.

Once you have a plan in place, make sure each trade you consider falls within your planโ€™s parameters.

Remember: youโ€™re likely most rational before you place a trade and most irrational after your trade is placed.

~Rich
www.RichTL.com