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5 trading rules that you may break at some point and they probably need to be broken. Is there one right way to trade? And do we always have to stick to the rules? Are there any rules that cannot be broken in trading? We all have rules to stick to but I always try to add a caveat. Because this is real-life trading and once has to be practical.
1) Only risk 2% per trade. The 2% rule is generally but at some point you might want to push.
2) Don't trade too much size.
3) Take a break. For most of the times taking a break is good but in some circumstances you need to press.
4) Don't chase price. Most of the times this is not the thing to do!
5) Don't try to catch a falling knife!
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