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Golden Trading Rules of MCX Trading from Zoid Research
- Always trade with trend
- Do not trade in a market that is too thin
- Always trade with stop loss
- Never do over trading.
- Avoid getting in or out of the commodity market too often.
- Always discipline yourself by following per-determined set of rules in our commodity tips
- Always check your risk appetite time-to-time
- Do not trade in a market that is too thin
- Remember that no one can predict the exact highs and exact lows. So never try to catch them.
- Never trade or enter / exit positions in panic. Volatility is a non-separable component of this trade market and will be present most of the times.
- Do not enter the Commodity Markets with Stock Market trading ideas. Though both are speculative trade markets, there is a substantial difference in both and generally have opposite trading patterns and thumb rules.
- Never cancel a stop loss order after you have placed it.
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