1. Trading is a business
If you want to develop strong skills, you need to treat trading like a real business.
This is not a hobby. This is not a get rich quick scheme.
- Track your expenses (losses)
- Track your income (profit)
- Try to make sure that your income exceeds your expenses.
- Know your strategy strengths and improve them.
2. Risk management
Risk management can make or break a trader.
Set an acceptable risk amount that you feel most comfortable with.
Always be prepared to lose the amount you are risking.
Never risk more than you can afford to lose.
3. Create a trading system
Find out what works for you by studying common mistakes, causes of losses, and more.
Work according to your trading system.
Repeat trades until you have a set of data to optimize and improve your trading system.
This is how you will have a proven and working system.
4. Remove unnecessary information
$BTC $ETH $BNB The last thing you want to do is change your entire trading plan just because of what others are doing.
What works for one trader may not work for you.
Cut out unnecessary information noise and focus on yourself and your trading system.
