ADVICE FOR NEW ENTRANTS TO THE MARKET
1. Capital management – The first and most important lesson!
Many people lose money without understanding the reason, even losing faith in the market. To avoid this, do the following:
✅ Divide your capital into 5 parts – only use 1 part for trading, consider it the only money you have.
✅ Trade seriously – you will experience both the excitement of making money easily and the confusion of losing everything.
✅ Repeat the process – after a few times, you will understand the real value of capital management and avoid making big mistakes.
Capital management is not just a theory; it is the key to long-term survival!
2. Avoid the "gambler" mentality when investing
🚨 Greed – wanting to get rich quickly, regardless of risk, holding onto positions even when knowing the market is declining.
🚨 Getting swept up by the market – panicking when prices drop, getting excited when prices rise, trading based on emotions instead of analysis.
🚨 High risk – easily pressured when losing money, hastily making wrong decisions.
🚨 Overconfidence – after a few wins, easily thinking one is "invincible", taking larger positions without assessing risk.
👉 To succeed, besides knowledge and analysis, you also need to control your emotions!
🔥 The market always has opportunities, but they are only for those who know how to survive long-term! 🔥
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