5. Stay calm and try to control temporary emotions.
That's easy to say, but for most traders, it's not easy to do, especially if they're first-timers and don't have any knowledge of trading yet. Then we know that in every action we take, our emotions do not disappear.
Staying calm is easy to do if the situation is not that tense, but when there is a scenario where the value of the assets you bought suddenly falls, there is a feeling that you will panic if you are not prepared for such situations. But if you are ready, you can definitely control your emotions.