Dr. Jens Gartmann, one of the most renowned traders and economic analysts, has provided, over 30 years of daily publications, a set of simple and important rules for anyone entering the world of investing and trading.
Here are the top 4 lessons from his long experience:
1️⃣ Don't rush to win... and be firm with losses.
The biggest mistake beginners make is selling a winning trade quickly for fear of losing the profit, while holding on to a losing trade in the hope that it may rise.
Jart Man advises: Be patient with profits... and cut losses.
2️⃣ Accept market courses
Any business or investment goes through ups and downs. Success isn't permanent, and neither is failure.
Rule: Embrace the ups and downs… and keep going.
3️⃣ Don't double your losses.
If you lose, don't try to make up for it with reckless trades or ill-considered investments.
Solution: Stop the loss instead of expanding it.
4️⃣ Make your trading simple
Don't overwhelm yourself with complex indicators or strategies you don't understand.
The golden rule: The simpler your approach…the greater your chances of success.
✅ Final advice: Memorize these principles and refer to them whenever you feel confused. Success in the markets begins with the right mindset.
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