KNOWING WHEN TO SCALE BACK ON
YOUR TRADING
Reference-
https://www.platinumtradingacademy.com/blog/

INDEX
 1. Every trader will have good days and bad days
 2. Trader Itch
 3. If you are trading Fx blindly
 4. Trading Forex
 5. Don’t try and buy blindly, follow the rules
 6. Conclusion

EVERY TRADER WILL HAVE GOOD DAYS AND
BAD DAYS
 How emotionally we should be balanced for trading
in Good days and Bad days.
 A Trader can decrease their personal risk to around
0.5% in high volatility and markets that sense fear.

TRADER ITCH
 On one day, you should never have more than 2
trades per currency pair if you have you are not
being selective enough.
 One of the most annoying habits of retail traders is
sitting in front of your desktop 24/7 as a retail trader
is called the trader itch.
 This is called the need to place a trade.
 It is when you take trade after trade and you
revenge trade and your account becomes a total
mess.

IF YOU ARE TRADING FX BLINDLY
 “THIS IS DISREPUTABLE TO THE ART OF
TRADING FOREX AND YOU SHOULD GIVE UP
WITH IMMEDIATE EFFECT”

TRADING FOREX
 Trading is not for everybody but 90% of traders are
successful.
 They are now either running their own funds or
trading as full time traders.
.

DON’T TRY AND BUY BLINDLY, FOLLOW THE
RULES
 When you see a cross currency pair falling through
the floor, don’t try and buy blindly you should
observe the following rules:-
 Never Buy the currency pair blindly.
 If you want to trade, trade like a professional
forex trader by observing the base support.
For example GBP/JPY, the major support levels of
GBP/USD and USD/JPY and GBP/JPY. This will
give you an indication of where the currency pair is
most likely to stop.

 No More than 2 Trades should be per currency pair
in a day.
 Risk Management.
 Use your system with CSA. Common Sense
Approach.
 There are several factors on trading cross pairs.

CONCLUSION
Conclusion On When To Scale Back On Trading:-
 Again if you are not able to devote time to cross pairs,
then you should not be trading them stick to the majors.
 Theory of selectivity has been key to success.
 How to trade forex is a question to which you will only
get the answer to by being more focused.
 The more focused you are on a handful of currencies
the more profitable you will be.

THANK YOU