Also, waiting for your analysed market to come to play before entering the market is also very important, most persons in trading just enter the market because, they see a downward trend without carefully analyzing the real market structure and waiting patiently for it
Just entering the market because the direction of the market is on an uptrend is pure gambling and no etiquette of trading can ever teach you that. Trading requires you to be patient enough to wait for your trades to reach your point of interest before executing it. As an upcoming or newbie trader trying to grow their small capital, going to meet the market to trade before reaching your point of interest is highly risky and should be avoided by all means. It will make you to make decisions that were never analysed and make decisions that will affect your overall capital even before reaching your point of interest. To be a successful trader, you need to be patient and always follow a strategy you’ve learnt overtime and gives you more wins than losses.