Away from all philosophical talk, and repetition of words, and away from lengthy discussions, I will give you some points that are the reason behind all the consecutive losses.
My friend, trading is a game based on laws and rules known only to a few people, and only known by those who have previously tasted suffering and consecutive losses. However, do not despair or give up, and do not take risks except with a studied plan.
Here are the reasons.
1. When you enter a trade and gain from it, perhaps by chance or by calculations you know... Be careful not to enter another trade immediately after. Just take the profits you obtained, even if it is 2%. And wrap up the program until the market returns to decline below what it was last time.
2. If you are in an open trade, and the liquidation price is close, and it’s time to sleep, do not sleep and leave your capital in the market. Just before you sleep, close the trade even at a small loss. Better than facing a reversal and losing your capital.
3. Entering and exiting any trades must be studied. Through technical analysis and following global news continuously, as every piece of news is like lightning that may strike the market and drop it to the lowest levels in moments.
4. The biggest reason for loss is fear and greed. (Using emotions) If you want to be a skilled market maker, you must stay away from emotions, as it is a matter of precise calculations. And a volatile market that is also affected by any positive or negative news.
5. If you have an amount of $100 and want to enter a trade, do not enter with more than ten dollars. Just. And the other ninety remain as a reserve for any reversal so you can strengthen your trade with another part of it and take advantage of the average in case of recovery again.
6. Always keep ready cash liquidity. To take advantage of any opportunity to enter trades. And do not make trades routine and necessary like eating and drinking; just watch as there are opportunities that are not to be missed, perhaps you will enter a trade at the right time. Better than entering ten small trades every day.
In conclusion.... The one who does not learn will suffer.
You must exert a lot of effort to continuously learn; you must expand every day until you become an expert.
My sincere greetings to every follower and to everyone who reads, comments, and shares the post. For all my posts are not copy-paste, but I write them from reality and personal experience that I have endured and lived myself. And I give them to you out of love.
And if you have any suggestions, please write them in the comments.
And God willing, if I have knowledge and understanding, I will not spare you my dear ones at all.
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