Hi trader's, If you lost your money in future trading, mental health, friends, and went to become profitable trader in future trading ( like me 🔍) Here’s structured guide to help you improve your trading skills and reduce losses:
1️⃣. Fix the Mindset First (Psychology of Trading)
- Accept losses as part of the game
- Remove emotional trading
- Don’t overthink your analysis
2️⃣. Fix Your Risk Management (Avoid Big Losses)
- Never risk more than 1-2% of your capital per trade
- Always use stop-loss (SL) and take-profit (TP)
- Avoid over-leverage
- Risk-to-reward ratio (RRR) must be at least 1:2
3️⃣. Focus on a Simple & Clear Trading Strategy
- Use a trend-following strategy or breakout-retest strategy
- Trade with the trend, not against it
- Identify strong support and resistance levels
4️⃣. Improve Your Entry & Exit Timing
- Wait for candle confirmation
- Use stop-loss wisely
- Avoid trading in choppy or low-volume markets
5️⃣. Keep a Trading Journal (Find & Fix Mistakes)
- Write down every trade
- Review trades weekly to identify mistakes
- Adjust based on what is working and what isn’t
6️⃣. Reduce the Number of Trades (Quality Over Quantity)
- Trade less but with better setups
- Focus on high-probability trades only
7. Build Confidence (Start Small & Practice More)
- Reduce position size until consistent
- Practice on a demo account before risking real money
7️⃣.What You Should Do Next:
1. Follow me for daily Updates and free Trade's.
Remember, you're not alone, and many traders struggle at first. With discipline and learning, you can turn things around. Let's work together to fix your losses.