👀Problems of a trader who doesn't follow trading rules:
Chaotic decision-making: The trader acts impulsively, ignoring pre-established rules and signals. This leads to poor decisions and increased risk. Emotional instability: Without a clear plan, the trader relies on emotions, causing stress and panic during losses or market fluctuations. Lack of analysis: By neglecting algorithms, the trader skips important steps in analysis, making trading unsystematic. Increased losses: Disregarding rules leads to more losing trades and capital loss.
🤝Recommendations:
Develop and strictly follow a clear trading algorithm based on precise entry and exit rules. Conduct thorough market analysis before making any decisions. Control emotions and limit risks through effective capital management rules. 🎁
