To avoid being completely ruined by trading, it's essential to follow some key principles. First, acquire proper education and preparation. Understanding the basics of trading, technical and fundamental analysis is crucial. Entering the trading world without knowledge and research increases the risk of significant losses.

Second, create a solid trading plan. Your plan should clearly outline your goals, risk tolerance, and the strategies you will use. Sticking to a well-defined plan helps avoid making impulsive decisions driven by emotions.

Third, practice risk management. Do not risk more than 1-2% of your total capital on a single trade. Use stop-loss orders to limit potential losses and set profit-taking orders when trades reach favorable levels.

Fourth, diversify your investments. Instead of putting all your capital in one asset, spread it across different assets to reduce risk. Diversification helps mitigate the impact of a poor-performing investment.

Lastly, stay informed. Keep yourself updated on market trends, economic news, and regulatory changes. Be patient and avoid excessive greed or fear. By being cautious and disciplined, you can significantly reduce the risk of being completely wiped out in trading. #AlphaRules