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Manage Your Emotions: Trading can be emotional, but it's essential to keep your emotions in check. Avoid making impulsive decisions based on fear, greed, or hope.
Stay Disciplined: Stick to your trading plan and avoid deviating from it based on short-term market fluctuations.
Learn from Your Mistakes
1 Protect your capital first
2 Keep stop loss with in limit
3.Always place stop loss alongside entry
4.Always trade in the direction of momentum
5.Book profit or loss on time
6.Don't haste in trade
7.Don't trade to recover loss
7.Don't look back and regret
- Set Clear Risk-Reward Ratios: Define your risk-reward ratio for each trade to ensure you're not risking more than you can afford to lose. A common ratio is 1:2 or 1:3, meaning you're risking $1 to potentially gain $2 or $3.$USDC
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