The rules to follow and never violate in trading:
1- Do not put all your eggs in one basket; you must diversify.
2- Even if you are 99% sure about a trade, allocate only a reasonable percentage of your capital.
3- Always use stop loss orders:
4- Predefine the maximum loss you can tolerate before entering a trade.
5- Do not trade with emotions (fear or greed).
Your emotions are your number one enemy... If you are angry or too excited, stay away from the screen.
6- Learn from your losses and take lessons from them to avoid repeating them.
7- Keep detailed notes on every losing trade: Why did you lose? How can you avoid that?
8- Keep some cash as a reserve in case the currency drops.
- The market may give you golden opportunities after your losses, but on one condition: that you have enough to take advantage of them.
And always remember
"The big loss is to repeat the same mistake multiple times, and that is the real disaster."
๐ The professional trader is not the one who never loses, but the one who knows how to lose **a little** and win **a lot** in the long run.