💡5 THINGS YOU CAN'T IGNORE IN TRADING:

📌*Must understand*

1. *Set clear goals*: Define investment objectives, risk tolerance, and investment duration to determine an appropriate capital management strategy.

2. *Allocate capital wisely*: Divide capital into smaller portions, allocating to various assets to minimize risk.

3. *Set stop loss limits*: Determine stop loss price levels to limit losses when the market moves against you.

4. *Manage risk ratio*: Ensure that the risk ratio for each trade does not exceed 2-3% of total capital.

5. *Control emotions*: Avoid making decisions based on emotions, always adhere to the established plan and strategy.

📌*Specific strategies*

- Use the "Hedging" strategy to minimize risk.

- Apply the "Position Sizing" model to determine appropriate trade size.

- Use technical indicators to identify buying/selling moments.

📌*Important principles*

- Do not invest more than 10% of total capital in one asset.

- Do not use excessive leverage.

- Always update knowledge and experience.

📌*Support tools*

- Capital management software like Money Management, Risk Manager.

- Technical analysis tools like MetaTrader, TradingView.

📌*Trading psychology*

- Disciplined mindset: Adhere to the plan and strategy.

- Patient mindset: Wait for the right opportunity.

- Flexible mindset: Adjust strategies when necessary.

💵💵Remember that effective capital management requires experience, discipline, and flexibility.