• eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    3.95

    BTC/usd 15.674.99

    4.78

    ETH/usd 674.99

    11.37

What Makes A Good Trade Good

Hand in a circle at thumps up position

Hand in a circle holding a thumps up

 

Blue background with the words Good to be good

Good to be good

There is two broader categories of trades, good trades and bad trades no middle strings attached to either sides. A trader like yourself should consider getting it right more than 90% of the times. This is the only way that you will be come profitable, considering how trading capital is hard to come by in Africa particular here in Zimbabwe no trader should recklessly lose their capital in the markets. If you can get it good then your financials will be definitely good. Here is how you can determine weather your trade or entry point is good and worthy.

1.It is good when taken profitable in the context of your trading plan

2.It is good when it meets the criteria and your entry parameters line up

3.It is good when taken with disciplined entry and correct position size

4.It is only good when taken without any internal conflict doubt or regret

5.It is good when taken with confidence and its in line to your trading strategy

6.It is only good when you risk only 2.5 % of your total trading capital

7.It is good when it is not attached to your emotions

8.It is good when it is based on your own personal edge and not on opinion

9,It is good when made in reaction to current price reality and price action

10.It is good when you enter it using the timeframe of the analysis

11.It is only good when it goes in the same direction with the current trend

12.It is good when you trade the instruments you are familiar with that you have profitable experience with

13.It is good when the risk to reward ratio is profitable, risk a dollar to get five

14.It is good when it follows a trading plan even during the drawdowns of equity

15.It is good when it moves bearing a good standard stop loss

 

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