1. Don't jump into the market just because you see others making money
Social media boasts of huge profits, screenshots of accounts in the green... but you never know how many times they have lost everything, or if it's even a real account. The market does not pay for naivety.
2. More profit does not equal a longer life
Many new traders focus solely on how much percentage they can win per trade, but losing one big trade can wipe them out. Learning to preserve your account is more important than finding entry points.
3. Cutting losses doesn't make you poor – not cutting losses will make you blow up your account
I once hoped that the price would come back. It didn't. And I lost everything. Remember: small losses can be recovered – large losses will knock you down.
4. Don't go all-in – even if you think you are 100% sure
The greatest confidence often comes before the heaviest crash. Always diversify your capital, always have a backup plan. Don't let a single trade determine the fate of your entire account.
5. The market doesn't need you to be skilled – just don't be foolish for too long
No one is a great trader from the start. But if you don't learn from your mistakes, you will remain stagnant. Every loss is a learning opportunity – as long as you are willing to learn.
6. Don't trade based on emotions
Sad, angry, or depressed – those are the times you should not open the chart. Emotions cause you to enter trades recklessly, hold onto losses for too long, and ruin all plans. Disconnecting when your mind is not clear is something every professional trader does.
7. Learn to stay out of the market
Not every moment in the market presents a good opportunity. Sometimes, standing aside is wiser than entering a trade. Not trading is also a trading decision.
Trading is a mental battle. No one can help you but yourself. You can learn techniques, follow signals, analyze indicators... but if you cannot master discipline and emotions, you will eventually return to square one.
Trade like a soldier, not like a gambler.
If you want, I can turn this part into a note to share on social media or write a small ebook about personal experiences in trading. Just let me know.