5 Rules i follow when trading.
1. Only trade 1-2 times per day. This will help you avoid overtrading and making emotional decisions.
2. Only risk 1-2% of your account per trade. This will help you protect your capital and stay in the game for the long term.
3. Avoid trading on "some" Fridays. This is because the market is often volatile on Fridays, and there is a greater risk of losing money.
4. Trade price action and support and resistance. These are two of the most reliable trading indicators.
5. Use indicators only for confirmation, such as divergence. Indicators can be helpful, but they should not be used as the sole basis for your trading decisions.