If you want to develop your trading skills and avoid silly mistakes, follow these simple and effective rules. These rules are designed to help beginners stay safe and to help experienced traders be smart.
1. Go with the market, not against it
Always check the market trend before trading.
If the market is trending up, focus on buying.
If the market is trending down (bearish), look for selling opportunities.
Wrong direction = loss. Right direction = profit.
2. Use a stop-loss order every time
Never enter a trade without a stop loss.
Markets can move quickly - one mistake could drain your account.
Only risk 1-2% of your capital on each trade.
3. Don't chase every move
You don't have to trade all the time.
Wait for strong setups with clear entry and exit points.
One good trade is better than ten random trades.
4. Don't trade with emotions
Fear, greed, and stress are your biggest enemies.
Always follow your plan, not your feelings.
The calm trader is the winning trader.
5. Learn before you risk
Before trying any new strategy, test it first.
Check how it worked in the past - this is called backtesting.
Never risk real money on something you don't fully understand.
6. Keep a trading journal
Write down all your trades - entry, exit, reason, and outcome.
Review your journal weekly. This helps you learn faster and spot your mistakes.
7. Risk what you can afford to lose
Trade only with extra money - not rent, bills, or borrowed money.
This will help you stay stress-free and more focused.
8. Don't blindly mimic others
Learn from others, but don't follow trades without understanding the reason.
Even the best traders are not right all the time.
9. Stay updated with market news
Big news can move prices quickly.
Always check the news before entering trades, especially regarding major updates.
Daily habits to follow
Check the trend on larger time frames (1H, 4H, daily)
Identify support and resistance areas
Create a complete plan before entering (entry, challenge level, goals)
Identify risk for each trade
Stay relaxed - there's no fear of missing out, no panic
A quick reminder for all traders
The market rewards patience, not busyness. Don't rush, and trade rationally.
Call to action
If you really want to trade better starting today, write "yes" in the comments.
Tag a friend who needs to see this - help them avoid common mistakes.