It is important that for good practice you ask yourself one question on a regular basis; “am I gambling here or am I trading well?”. It is not unusual for the more experienced trader to fall into the trap of gambling instead of trading. The trick is to pull yourself out of this mentality sooner rather than later.
Trading is very much about managing the risk and those that do this the best end up being the most successful. A well-known saying within the Forex market is, “if you take care of the risk then the market will take care of the rest”. This is a very generic saying but there is certainly truth in it. Just make sure you don’t gamble but trade well instead!