📢Here are four essential tips for trading:
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Have a Clear Strategy – Whether you're day trading, swing trading, or investing long-term, define your entry and exit points, risk tolerance, and profit targets before placing trades.
🪙Manage Risk Effectively – Never risk more than you can afford to lose. Use stop-loss orders to protect your capital, and follow the 1-2% rule (risking only 1-2% of your account per trade).
🪙Control Your Emotions – Fear and greed can lead to impulsive decisions. Stick to your plan and avoid revenge trading after losses or overtrading after wins.
🪙Stay Informed and Adapt – Keep up with market news, earnings reports, and economic indicators. Market conditions change, so be flexible and adjust your strategy accordingly.
