🔥 Every trader follows some rules that help him achieve goals and targets. Here's our list, share your in the comments:
⚠️ Your capital is the only thing keeping you in trading. Set yourself a threshold of capital loss when you stop trading real money and start practicing on demo to prevent liquidation.
🛑 Did you lose 5%-15% of your capital in one day? Stop trading and think about the mistakes made. The market isn’t going anywhere, and you will always find a situation to trade.
💵 Trading is fun, entertaining, and enjoyable. However, it’s not a game, and you are not a gamer. Trading is a serious job that may make you financially free. Treat it like a business, where profit depends only on you.
🧑🎓 The financial world is a dynamic and ever-changing place where you will be constantly finding new things and learning on mistakes. Don’t stop learning.
❌ Stop Losses are critical for almost all traders to succeed. Although Take Profits help you take your portion of the market, Stop Loss limits your casualties, thus, decreasing your chances of losing everything.
🌐 Found a great technical indicator? Test it! Managed to create or set up a trading robot? Great job! Technology is amazing for traders, use them in your favor.
📍 Can you call yourself a trader if you don’t have a trading plan? This set of rules explains everything in your trading: from entry and exit points to risk-reward ratio and other vital components. Never forget your trading plan.
😌 Always be ready to lose what you’re putting in the trade. Acceptance of this fact will make you more emotionally stable.
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