**The Trader’s Golden Advice: Wisdom That Outlasts Markets**
1. **Protect Capital First** – "Only risk what you can afford to lose" isn’t a cliché—it’s the law. Survive to trade another day.
2. **Trade the Plan, Not the Emotion** – Greed and fear are account killers. Let your strategy decide entries/exits.
3. **Trends Are Your Best Friend** – "The trend is your friend until the bend at the end" – but don’t predict the bend too early.
4. **Cut Losses Fast, Let Winners Run** – Most traders do the opposite. Be the exception.
5. **Master One Strategy** – Jack of all trades, master of none—specialization beats over-diversification.
6. **Stay Liquid** – Cash is a position. Sometimes the best trade is *no* trade.
7. **Keep a Journal** – Your past trades are your best teacher—if you review them.
8. **Avoid Revenge Trading** – One bad trade doesn’t justify another. Walk away.
9. **Respect Leverage** – It magnifies gains *and* losses. Most blowups start with "just one more trade."
10. **Continuous Learning** – Markets evolve. If your education stops, your edge disappears.
**Final Truth:** Trading isn’t about being right—it’s about being *disciplined* when you’re wrong.
