95% of traders fail because they repeat the following mistakes. To succeed, just DO NOT DO these things:
â Trade against the trend â Only trade when the market has a clear trend. â Poor capital management â Determine the amount of capital you can lose comfortably, cut losses by 1-5% on each trade. â Too many methods â Only use one suitable method and dive deep into it. â Not keeping a trading journal â Record the reasons for entering a trade, your mindset while trading, and learn from losing trades. â Unrealistic expectations â With little capital, earn little; to make high profits, you need significant capital. â Greed â Lower your expectations, only take the amount of money the market gives, greed is the root of failure. â Fear when trading â Manage capital well to eliminate emotions when entering a trade. â Predicting instead of reacting â Only trade based on what the market shows, do not interpret on your own. â Overtrading â Trade less but with quality, wait for the right entry point instead of continuously entering trades.
đ Survival principle: Win or lose 10%, leave the table. When on a winning streak, do not be greedy; when losing, do not chase.
đ„ Professional trader = Discipline + Capital management + Psychological control đ„
