This is a summary of trading rules that I created myself after several failures in future trading.
Trading rules that I must obey myself so as not to always lose money:
1. Trading is enough 3-4 transactions a day. No matter how interesting or how promising the profit is. If you have already made a profit in 3-4 transactions. I have to stop no matter what, because if I continue, I will definitely experience losses until my capital runs out.
2. Immediately withdraw the profits you earn, no matter how much they are.
3. Delete the trading application after trading with profits every day, to avoid temptation after getting big profits because if not, you will definitely be tempted again, unless you can control the temptation, then it is safe.
4. Avoid all information that makes us want to trade impulsively. No matter how interesting it is, if you don't want to lose everything.
5. Trading is only done when fresh, fresh brain, full concentration, not stressed, and done at certain times. For example, 3 transactions in the morning or 3 transactions in the afternoon or 3-4 transactions at night, choose the best moment every day, if you have made a profit, don't continue, otherwise it will definitely fail. Never let trading run while sleeping at night. Because the results are definitely bad, potentially losing all the money invested.
6. For new coins, only trade once in a 15-minute time frame, long or short. If you have already made a profit, don't be stubborn about trading that coin again.
7. Be disciplined in carrying out all of this so that you can continue to progress and gain profits.
All these trading rules are a bit difficult for me to implement because they are all related to emotions. When I see a good entry opportunity, I impulsively trade without a clear analysis. Then boom, everything is lost in liquidation by the market. And finally depressed again.
From all those experiences I have a little conclusion that in trading, the most important thing is how we control our emotions wisely. So as not to be affected by the ups and downs of the candle. Greetings of success
