Peter Brandt’s 50 Rules — Day 1
Rule #1: Cut Losses Quickly
“You’ve got to figure out a way to cut your losses really quick. You can’t take big losses. Big losses will kill you.” – Peter Brandt
Lesson:
Surviving in trading starts with disciplined risk control. No matter how good a trade looks, if it goes against you, the priority is protecting capital.
Key Takeaway:
Capital survives when traders act fast. Limit your downside, honor your stops, and never hesitate to protect your account.
Today’s Market Reflection:
"Learn first then remove L and Earn consistently"
In crypto, volatility is extreme — coins can drop 20–30% in hours. Traders who fail to cut losses quickly risk being trapped in heavy drawdowns. By setting clear stop-loss levels, you give yourself the freedom to re-enter later, instead of watching capital vanish.
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