20 simple trading rules that will change your trading journey🔴
1. Never average a losing position, instead, cut losses quickly.
2. Set clear stop-loss and take-profit levels before entering a trade.
3. Don't trade with emotions, stick to your strategy.
4. Never risk more than 2% of your account balance on a single trade.
5. Diversify your portfolio across multiple assets.
6. Don't chase the market, wait for your setup.
7. Trade with the trend, not against it.
8. Use proper position sizing to manage risk.
9. Don't overtrade, quality over quantity.
10. Stay informed but avoid impulsive decisions based on news.
11. Continuously learn and improve your trading skills.
12. Don't trade when tired, stressed, or distracted.
13. Monitor and adjust your risk-reward ratio.
14. Avoid revenge trading after a loss.
15. Keep a trading journal to track performance and identify areas for improvement.
16. Focus on the process, not just the profits.
17. Don't scalp during high-volatility market conditions.
18. Respect support and resistance levels.
19. Hedge your positions to minimize losses.
20. Stay disciplined and patient, avoiding impulsive decisions.
Thank you!
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