Just like profit and loss, discipline is also a crucial part of a trading journey. If you can’t handle this, it means you are not ready for trading right now. First, you have to discipline yourself. If you are in need of money, don’t use that money for trading because of the pressure; you will only lose.

I will daily tell you rules. For today, I will post the first rule:

Rule number 1: Never ever average a losing position. Even if it looks like it’s about to unfold, even if you have thousands of capital to manage, even if you know that you can average 9 times, one day the 10th time will come, and you will lose all of your money. Believe me, it will happen.

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