Control Trading

The third aspect of speculation relates to how you manage your trades and the funds you invest. Traditional theories tell us not to engage in trades you can't afford. Perhaps that's true. But think about it: if your mindset is that these are toy stocks, I guarantee you'll want to play with them and might end up losing. If this is real money, money you can't afford to lose, you may be more cautious, and the chances of winning will be the same. Demand is not only the mother of invention but also the mother of speculation management. Trade management is more important than financial management because it relates to how long you want to stay in the trading arena and how much money you want to earn. It is closely tied to your emotions, which means you shouldn't get carried away, overtrade, or trade too small. It represents doing the right things while trading and controlling your emotions. Knowing how to trade does not equate to knowing how to win money. The art of trading combines choices, entry techniques, and money management, all of which are fundamental principles that need to be adhered to. However, super traders understand better that only through management, that is, by controlling or utilizing these techniques, can you maximize your profits.

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