THINGS YOU NEED TO THINK WHILE TAKING A TRADE
•Am i confident on this trade?
•Is my research correct and complete on the trade or im just doing some fluke (tukka baazi)
•If im following anybody’s signals then my research is completed on them? And did i tested their trades before i apply them?
•Do i know that loss is also possible in the trade?
•Have i set a stop loss for this trade?
•Have i managed my risk and not losing more than 5% of my wallet in a single stop loss?
•Do i know that even if this stop loss hits the next one can also go in a loss?
•Do i know that if im taking a high risk trade with high margin i could be liquidated?
•Do i know all the consequences after getting liquidated by any chance?
•If i loose this money does my personal life gets any impact?
