Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.
I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.
Noted: This photo is taken from a group. Avoid copyright issue.

To me actually, most of the key points listed on the diagram are valid, but there are few things I was looking up to which would have made the rules on the diagram perfect, but they are not there, it was only risk management that stands out too me.
I was thinking that the diagram would have contain over leveraging and knowing when to stay off the market, as easy as it may sound, if you can be able to control your emotions, manage your risk properly, knowing when to stay off the market and not using too much leverage, then I think you are good to go, and you will come out of the market unscathed.