1. Position is the most important thing
2. Always set the profit/loss ratio above 1:1 (2:1, 3:1)
3. Always set stop loss below 10% of the account
4. Do not borrow, deposit too large (under 25X is safe)
5. Do not leave orders overnight
6. Adjust emotions when entering orders. If you lose, remove the other bets
I underline for point 4 and point 6. Because I think that's the most important.
"4. Don't borrow, deposit too large (under 25X is safe)"
It is very dangerous for us because the too high interest will make it difficult for us to pay it. If we can profit from trading if we lose? how are we going to pay for it?
"6. Adjust emotions when entering orders. If you lose, remove the other batch"
don't use emotions for trading but use knowledge and thoughts when trading