Trading📉📈 - is gambling

But only for those who don’t understand what they’re doing.

1. Trading is a business

If you want to develop strong skills, you need to treat trading as a real business.

• It’s not a hobby.

• It’s not a way to get rich quickly.

• Track your expenses (losses).

• Track your income (profits).

• Strive to ensure your income exceeds your expenses.

• Know your strategy’s strengths and work on improving them.

2. Risk management

Risk management can either strengthen or break a trader.

• Set an acceptable level of risk that you feel 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 what works for you by analyzing your main mistakes, reasons for losses, etc.

• Follow your trading system.

• Repeat your trades until you have enough data to optimize and improve your system.

This is how you build a proven and effective system.