8. Avoid Common Pitfalls
Overtrading: Quality > quantity.
Ignoring the spread/slippage: Especially important in fast-moving or illiquid markets.
No plan for losing streaks: Predefine how to scale back or stop after X losses.
🚀 9. Stay Educated
Read books like:
Trading in the Zone by Mark Douglas
The New Trading for a Living by Dr. Alexander Elder
Market Wizards by Jack D. Schwager
Follow reputable traders and analysts.
Stay updated on market structure and new technologies.
If you're managing operations at a professional or institutional level (e.g., trading desk, fund, or prop firm), there are more layers to consider like:
Compliance & regulations
Trade reconciliation and reporting
Latency optimization
Infrastructure resilience
Broker relationships
Let me know your level (beginner, intermediate, pro) and what assets you're trading (stocks, crypto, forex, etc.) — I can tailor the advice further.