⚡ The 5 Best Trading Tips Every Trader Should Know
Trading is not just about charts; it's also about mindset, discipline, and the little tricks that give you an edge. Here are five tricks that will instantly improve your performance:
🔥 1. Trade According to the Plan, Not Emotions
Never resort to buying/selling due to hype or panic. Write down your entry and exit points and stop-loss before entering. The market punishes emotions but rewards discipline.
📊 2. Use the 1% Risk Rule
Never risk more than 1% of your capital on a single trade. This keeps you alive long enough to seize the biggest winners. Remember: survival = success.
⚡ 3. Trade with the Trend
Fighting the trend is like swimming against the tide. Use higher time frames to determine the overall market direction and trade in harmony. The trend is your optimal trading companion.
🎯 4. Record Every Trade
Winners learn from memory, while professionals learn from data. Keeping a trading journal helps you identify patterns of your strengths and weaknesses. Small notes = big improvements.
🚀 5. Less is Better than More
Overtrading destroys accounts. Focus on two or three high-quality setups instead of chasing everything that moves. Precision >>> activity.