š **7 Key Trading Lessons From 7 Years in the Market ā Avoid These Pitfalls š«**
Hey fam,
Iāve been trading for seven yearsāthrough bull runs, crashes, hype, fearāeverything. One truth stands out:
āļø **The market doesnāt forgive mistakesābut it rewards disciplined execution.**
Here are insights from my experience to help you side-step costly errors:
1ļøā£ **Have a clear plan:**
Never enter trades randomly. Define your entry, stop-loss, and profit target in advanceāthen stick to them .
2ļøā£ **Manage your risk:**
Never risk more than you can afford to lose. Ideally, limit exposure to 1ā2% of your account per trade .
3ļøā£ **Stay in controlādonāt chase gains:**
Greed and fear kill trades. Set take-profit levels and donāt override them out of hope or emotion .
4ļøā£ **Trust your approachādonāt copy blindly:**
What works for others may not suit your style or risk tolerance. Build your own methods and test them .
5ļøā£ **Acknowledge your emotions:**
Fear, FOMO, revenge-tradingātheyāre destructive. Recognize them, and trade with discipline, not impulse .
6ļøā£ **Take it slowādonāt rush:**
Consistent, smaller gains beat occasional big wins. Avoid impulsive moves fueled by excitement .
7ļøā£ **Keep the long-term view:**
One bad trade isn't defeatābut a reckless mindset can be. Stay focused on your overall progress .
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Final thought:
Markets changeāand so should we. But success only comes with patience, purpose, and protection. Let others gamble. We're here to grow. š±
š§ Trade smart. Trade safe. Respect the grind. š
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