MANAGEMENT OF FAILURE
😫What to do if today you lost the profit of 3 days of work? The best thing you can do is to rest for 3 days.
🤔Most beginners want to recover their money immediately, which is why they will use more aggressive leverage, thus signing their own death sentence.
🤖Remember that trading is not a competition, but rather consistency; it's not about getting to the finish line first, but about not falling off the horse.
🤯When you learn a strategy or ideal knowledge, it is most likely to work for you for a while, until you have losses. Then, rest, keep learning, and continue.
🥶Never try to recover what you lost by increasing your leverage; that is the easiest way to blow your portfolio.
😎Keep your risk to 1% to 2% of your capital per trade, and whenever you are tempted to risk more, stop, assess the risks, and never execute more than you can afford to lose. Do not risk your capital no matter how favorable the chart or indicators may look.
Trading is a system of psychology and self-management; you only become profitable over the years. But if you keep making the mistake of wanting to do everything quickly, you will leave trading and never know the benefits of this incredible profession.
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