Hello guys please follow these always. Don’t over trade no matter how sweet a chart is.
🔷 Learn to Manage your risk over your emotions .
🔷 when you lose don’t be too eager to gain back, find out why you lost.
🔷 Stop-loss should be Used always.
🔷 Trade with self made policy don’t copy others style of trade, what works for you doesn’t work for me.
Experience will help in managing risks, new traders will try their best but the emotion will be strong, causing them to lose than gain, knowledge and experience help in this case.
When someone lose already, it should be considered as lost that should never be thought of, even if the trader is later gaining, he should not consider the gain as what has been lost, everything lost should just not be think about to build a quality mindset.
About stop lose, it depends on the trade, I will not even advice people to use stop lose because it has disadvantage too. People should practice trading low very low amount of money to know how stop kiss works.
I will not say new traders should follow their own way, but they should learn, professional traders have the same way of trading, taking the profit at the right time to open position. But traders should not believe in bots and signals though, or they should first know the basis and never using the signals and bots as the bases.