The tips are not actually for trading but it is, in general, our lives to become better. While applying those principles and tips for each and every one of us, we know that being positive is what's going to give us the source to keep on moving better. Whether you're winning with your trades or not. If you can't just be good as the others then do something else for which you might better with. If you're not talented in trading, holding could be better for you.
The trader should not mix their life with the money involved in the trading application.
You don't say that because trading is already part of life as it's a livelihood to many.
Because many beginning traders will cash out with the loss for meet the expenses in the real life.
Well, it's a different thing with newbies. It's mostly that they're going to lose their trades and it doesn't matter whether they want to cash out their money with losses or let it lose more.
But he forgot the fact the loss can’t be recovered once it was loss with that money.You need to include more money for the recovery of loss.
While that might be true that you need more money to recover those losses but, as I disagree about what you've said first that money can't be recovered once you lose it.