My advice to friends (based on experience)
6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose
You will be supposed not to lose if you are not doing this emotionally. What drives you into making bad decisions because we are sometimes been influenced by our emotions. But if we are in full control of this feeling, it is too far from the possible losses.
We need to be strong, we need to keep our mindset positive in order to stay proactive otherwise, that never gives an excuse to lose.