#TradingTypes101 JAKE wrote: *"I have lost everything I had left."
Sometimes the game truly ends.
Loss is not a lesson or a test.. sometimes it is the end.
5 rules you should never break in trading:
1️⃣ **Don't put all your eggs in one basket (diversification):**
- Even if you're 99% sure about a trade, allocate only a reasonable percentage of your capital.
2️⃣ **Always use stop-loss orders:**
- Predefine the maximum loss you can afford **before entering the trade**.
3️⃣ **Don't trade when you're emotional (out of fear or greed):**
- Emotions are the number 1 enemy of the trader. If you're angry or overly excited, step away from the screen.
4️⃣ **Learn from losses more than from gains:**
- Keep detailed notes on every losing trade: why did you lose? How can you avoid that?
5️⃣ **Keep a portion of your capital as a reserve:**
- The market may give you golden opportunities after your losses, but under the condition: that you have enough to take advantage of them.
"A big loss is not a failure, but **repeating the mistake without learning** is the real disaster."