💲Golden Rules for New Traders (speaking as someone who is in the process)
If you are thinking about entering the world of trading, here’s what I learned (sometimes the hard way) and I wish someone had told me from the beginning. I am not an expert, but I am someone who has already scraped their knees:
1. Don’t use money that you can’t afford to lose.
If that money is for food, rent, or your studies: leave it alone.
2. Start small.
$10 or $20 is enough to learn, make small mistakes, and not stress out.
3. No leverage.
It sounds tempting… but it’s like playing Russian roulette with your money.
4. Don’t buy into the influencers’ stories.
If they don’t explain the “why” of an entry, they are selling smoke.
5. Learn the basics of technical analysis.
You don’t need a PhD. Just understanding candlesticks, support, and volume puts you ahead of 80%.
6. Control your emotions.
Fear and greed will want to mess with you. Breathe, wait, think.
7. Don’t trade every day.
Sometimes, the best move is to do nothing.
8. Use alerts, not anxiety.
Let your phone notify you. Don’t cling to the charts as if they were Netflix.
9. Keep a journal.
Write down your entries, exits, and what you learned. That will help you evolve more than any course.
10. Learn to lose.
Everyone loses. The important thing is to lose little and win big.
💲It’s not about getting rich quick. It’s about not going broke before you learn.✨
