Here are 6 best practices that can make or break your trading game:
1) Have a Plan
Don’t wing it. Define your entry, exit, and stop-loss levels before placing a trade.
2) Risk Management = Survival
Never risk more than 1–2% of your capital on a single trade. Preserve your capital first.
3) Use Stop-Losses Religiously
Emotions are not your friend in volatile markets. Automate discipline with stop-losses.
4) Keep a Trading Journal
Track every move: wins, losses, and lessons. Data-driven reflection = growth.
5) Don’t Chase Pumps
FOMO kills portfolios. Wait for confirmation before jumping into momentum plays.
6) Stay Updated, But Filter the Noise
Use credible sources, but don’t let the news dictate your every move.
Pro Tip: Consistency > Perfection. Focus on execution, not just prediction.