### Essential Trading Skills to Develop Before Entering the Market
**🧠 Mindset Over Mechanics**
- Trading is 90% psychology and only 10% skill and analysis.
- Develop a trader’s mindset. For a deep dive into trading psychology, read *Trading in the Zone* by Mark Douglas.
**💪 Own Your Decisions**
- Take responsibility for your actions regardless of the outcome.
- If you lose money, it's on you—not the market. The decision to buy or sell is entirely yours.
- Blaming whales or market manipulators is a cop-out.
**🛡️ Master Risk Management**
- Limit your risk to 1%-3% of your total capital based on your risk tolerance.
- This approach ensures sustainability. Remember, trading is a marathon, not a sprint. Chasing instant profits is akin to gambling, and we know what happens to gamblers in the long run.
**🚨 Use Stop-Loss Orders**
- Using stop-loss orders is non-negotiable. Avoid the risk of liquidation by setting clear stop-losses.
**📊 Position Sizing**
- Calculate the right position size based on your risk parameters.
- Proper risk and position sizing are more important than leverage. Ensure your liquidation price is outside your stop-loss, making leverage secondary.
### **Final Thoughts**
Focus on proper risk management and position sizing to navigate the market effectively.
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