#MarketPullback

In demo trading, people often make profits because they don't fully understand the market, and since real money isn't involved, they aren't as affected by losses. However, as soon as they start live trading, emotions come into play. One major factor is not setting stop losses, although they set take profits, which is a very wrong approach. When faced with a small loss, they don’t close the trade, hoping it will turn into a profit, which only leads to maximizing their losses. Please avoid doing this and take the time to learn the right strategies. Focus on minimizing losses, maintaining a proper risk-to-reward ratio, and always set stop losses to prevent your account from being wiped out.