Can anyone share good set of rules to follow to get decent profit?
Good question @110730363329525656386, but there’s no magic rule, but I’ve learned consistency comes from discipline more than anything else.
Here’s what worked for me after a lot of trial and error:
Define everything before entering. Entry, stop-loss, target - all clear before I click buy. If the setup isn’t obvious, I skip it. FOMO trades never end well.
Risk small. I stick to 1-2% of my capital per trade. Sounds boring, but survival matters more than one big win.
Stop-loss is non-negotiable. I’ve widened it out of hope before. Never again. If it hits, it hits. Move on.
Risk-reward minimum 1:2. If the potential reward is small, I don’t bother. Not worth the stress.
Don’t overtrade. 2-3 solid trades in a day is enough for me. More than that and I’m forcing it.
Trade with the trend. I check the higher timeframe first. Counter-trend trades look tempting but they’ve burned me too many times.
Weekly review is key. Every weekend I go through my trades. What worked, what didn’t. I improve my system, not my emotions.
That’s what’s kept me consistent. Hope it helps!