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1ïžâŁ Stick to a Plan: Successful traders always have a clear plan in place before entering any trade. Know your entry and exit points, set realistic targets, and never let emotions sway your decisions. Sticking to your plan ensures you're trading with purpose, not gambling on hope.
2ïžâŁ Risk Management is Key: Even the best traders lose trades, but they win overall because they manage risk. Set stop losses, never risk more than you can afford to lose, and keep your position sizes reasonable. By limiting risk, you're ensuring that losses donât wipe out your gains.
Keep these two rules in mind, and you'll be well on your way to long-term trading success!
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