👀The Essentials of Trading👀
I always emphasize the fundamental principles that help avoid mistakes:
📌Stop-losses are a must. The only thing you can predict with 100% accuracy is the size of your potential loss.
📌Risk management. Never risk more than 1-2% of your deposit on a single trade—less is even better.
📌 Risk-to-Reward Ratio (R:R) is key. The minimum acceptable ratio is 1:2.
📌Consistency over the long run. Success is the outcome of consistent, well-informed decisions, not a single lucky trade.
📌This is analysis, not signals. All decisions are always yours to make.
Avoid any hope or emotional attachment to price movements. Stick to statistics, facts, and a disciplined, proven method. Remember, breaking the rules once leads to a chain of mistakes—like there’s never just one cigarette.
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