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
Yes, newbies pl never borrow money to invest. What will happen is, you would be committed to pay back the amount at a situation where your orders do not seem to yield you turnover / profits to payback the amount when you need it. So what will happen is, you will tend to close off the trade at loss and complete your commitments. You will be at loss. So never have commitment or depend on its turnout. Just invest if you have enough money to manage. Do not get in seeing your friends being in it.